For easy deposit and withdrawal, would you say DBS multiplier account or Singlife account is better?

Hi anon, you're able to deposit and withdraw money from both DBS multiplier and Singlife quite easily via bank transfer. Unless you're talking about depositing cold hard cash, Singlife wont have that function. I've also tried withdrawing money from my Singlife acc and it's pretty fast - it appeared really quickly in my bank acc.

If you're not very bothered by the fact that you can't deposit cold hard cash into Singlife, would definitely recommend Singlife because of its attractive rate 2.5% :)

If you are transferring money within Singapore, both will utilise the FAST service. You can also use the apps to manage both.

Physical cash deposit will only apply to DBS.
For SingLife, you can only use your own named account to do the transfers in or out.

https://www.abs.org.sg/consumer-banking/fast

https://faq.singlife.com/FAQ_HomePage?sfdcIFram...

For SingLife, the 2.5% p.a. interest is only on the first $10,000. After $10,000, the next $90,000 is 1% p.a. Any amount above $100,000 earns 0% interest.

For Multiplier account, the higher interest rates apply to the first $100,000.