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Alcander Seow

Environmental Engineer Minor in Business at Nanyang Technological University

02 Jun 2020

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I currently have OCBC Frank, DBS eSaving, & SC Jumpstart account. Is OCBC Frank Account okay for savings?

Jumpstart ($800~), DBS ($150~), OCBC ($800 ~ $1000). Any advice on this?

OCBC FRANK Account Standard Chartered JumpStart Account

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Mimi Jasman

02 Jun 2020

Customer Service Officer at DHL PTE LTD

Hi there,

I think you should consolidate all your money in SCB Jumpstart account to make use of their 2% interest till end of this month which I have already done so last year!

However, starting from 1 July onwards the interest will be cut into half. So please do it now!

And you can also open a Singlife account which is at 2.5% interest , pretty high and solid too!

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Tay_WenHao

27 May 2020

I agreed with Zhe Liang. Just put all your money in SCB Jumpstart (for higher interest) except your daily expenses.

In fact, whenever you need to withdraw money, you can transfer money from SCB to POSB/OCBC (depending on which ATM) within seconds.

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Pang Zhe Liang

27 May 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

If I were you, I will consolidate these monies into two bank accounts - one for salary, and the othe...

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I recently opened an SC jumpstart account, but I'm looking to study overseas in 2021 which requires more than $15k. Should I transfer this money into the SC account now or keep it in my current DBS account?

Should I stick with my current OCBC account until I graduate before moving on to another savings account (+ credit salary) OR switch to another savings account (e.g. Standard Chartered Jumpstart) now?

Currently I have a POSB eSavings account and MySavings account and I intend to have a higher interest earned for thr savings account. Do I open the DBS multiplier acct? If I do, do I close one acct?

I am currently a diploma graduate (20y/o) waiting to enlist. I have a Jumpstart account with most of my savings in it and also a digiportfolio under DBS. What do you think is the next step for me?

With the cuts in interest rates across various banks (SC Jumpstart, DBS Multiplier), what other viable savings accounts are there that yield better returns?

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