Hi Anon, I would suggest you to open the following accounts:
Singlife: 2.5%p.a. for first 10k
Standchart's Jumpstart: 2%p.a. for first 20k (Do note that you have to open your account before you turn 27)
OCBC's Bonus + Savings account: 1.45%p.a. if you deposit $500 a month and make no withdrawals. If you do not deposit $500 a month but you make no withdrawals you will earn 1.05%p.a. for that month.
CIMB's Fastsaver: 1.0%p.a.
Some of these accounts have great perks, such as debit cards cashback.
Jumpstart account offers 1% cashback on eligible transcations with no minimum spend.
If you are still using your DBS account, I suggest you to use the DBS visa debit card. If you hit a minmum spend of $400/ month via contactless transcations, you will be eligible for 3% cashback, capped at $20/month. A relatively great deal!
Lim Qin Da
30 May 2020
Business Administration & Analytics at National University of Singapore
To check out more about the different savings accounts available, you can click into the specific product pages located on the right side of the question. In these product pages, you will be able to see more details, ratings, reviews, as well as questions asked by the community about the respective savings accounts. This could provide you with more information and insights when you are considering among the different choices available :)
Pang Zhe Liang
26 May 2020
Senior Financial Services Consultant at AIA Singapore Private Limited
If you are between 18 to 26 years old, then you should consider Standard Chartered JumpStart account...
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Standard Chartered JumpStart Account
Up to 1% p.a.
MIN. INITIAL DEPOSIT
MIN. AVG DAILY BALANCE
DBS/POSB Multiplier Account
OCBC FRANK Account