Best Salary account in terms of interest rates, ETFs investing and SRS? Considering spending only via credit/debit cards, is ETFs investing viable?

Hi there KB, hope to answer your questions here together. I will answer them one by one so that it is clearer for you to understand them!

Starting my job soon (salary~ 4k+SRS) and looking for bank account that is best in terms of interest rate, long term investing (Ireland domicile ETFs) and investing SRS funds.

• I would say that you should consider getting a high yield salary crediting account, which will either be the following: DBS Multiplier, OCBC 360 or UOB ONE.

Highly suggest you use this simple savings account calculator here! https://seedly.sg/tools/savings-account-calculator

For the topic on SRS account opening

• You can only open up a SRS account with any of the three local players, I have written about it at length at this post here: https://blog.seedly.sg/supplementary-retirement...

• Inside, I have also added a Step-by-step guide to opening up your SRS account.

I did it in less than 5 minutes on my iBanking site, which I am currently using DBS now. It is really simple and easy to do.

Considering OCBC 360 or Standard Chartered Bonus saver or DBS Multiplier. I am inclined to SCB as it gives option to invest in LSE ETFs at low cost even though additional interest rate on investments doesn't apply to ETFs. Any suggestions?

• I have used both the OCBC360 (Which is my main salary crediting account now) and DBS multiplier which I have since reduced and closed.

• I use the OCBC360 paired with my OCBC 90N miles card which allows me to collect more miles and also

• I invest in ETFs using my VICKERS account tied to my DBS account, and my own online brokerage (FSM) and robo-advisors on the side for US and international exposure

Is SRS a separate account that can only be used to invest within SG market?

• Yes it is a seperate account which will be created as an "Investment" account which will exist in your own iBanking portal!