facebookGiven the recent revision of many Savings Accounts, what's the best interest rate available at the moment? - Seedly

Anonymous

16 Apr 2020

Saving Hacks

Given the recent revision of many Savings Accounts, what's the best interest rate available at the moment?

What are the best savings accounts now?

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HC Tang

16 Apr 2020

Financial Enthusiast, Budgeting at The Society

Use this tools by seedly to find the best savings a/c with the highest interest suitable for your situations:
https://seedly.sg/tools/savings-account-calculator

After you shortlist a few , do check out all the T&C and a/c closings T&C to be safe, don't wanna stuck there when you need to move funds away.

Cheers.

If you are under 26yo, SC JumpStart offers 2.00% for first 20k

Assume 26yo:

There are better multiplier bank accounts out there which gives more than 2.00% when you meet certain transaction criteria. Certainly better than 1.98% for 3 months then a meagre 0.5%.

Assume cannot meet transaction criteria:

Sing Finance gives 1.50% for first $300k. CIMB FastSaveris 1.00%. However, there's also a short fixed deposit promotions where you need to lock up a sum of money from 6-24 months for slightly higher rates.​​​

Would agree with ZheLiang, for fuss free best Svg Acct.

  1. For 100K cash = CIMB-1st 50K(1%), next 2...

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