I am an undergraduate with a new SC Jumpstart account. Currently, interest rates are going down. What should I do next?

Hello there! Yes, you are right. SCB is revising its Jumpstart interest rate to 1% at the start of next month July. If you think the Jumpstart account yield is low, you might want to consider opening a Singlife account which yields 2.5% non guaranteed returns for your first $10,000. You can do a little bit of research first before opening an account with Singlife. Given that Singlife savings plan is capital guaranteed and is backed up by SDIC, I would say there are more pros than cons. One should select a product that has more pros than cons, rather than a product with no cons - because it just doesnt exist.