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Alcander Seow

Environmental Engineer Minor in Business at Nanyang Technological University

07 Feb 2020

∙

I'm looking to have a higher interest account to increase my savings. Which bank savings account should I go for?

I'm an 18-year-old male student with 2 bank accounts; OCBC Frank account and POSB eEverydays Savings account. I'm looking to have a higher interest account to increase my savings. Currently, my OCBC Frank card is my main spending account, while my POSB account has a couple of hundred of dollars inside and is my saving account (put money in, don't touch).
Currently looking at these few plans/accounts;
OCBC -Bonus+ Savings Account, Monthly Savings Account
POSB -unsure
Investment accounts too

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DunSayBojioHor

13 Nov 2022

Sif, RHB, CIMB

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Chua Wei Feng

07 Feb 2020

BBM at SMU

As a fellow individual between 18 and 26 years old, you're eligible for the SCB Jumpstart Savings Account with 2% p.a., no other conditions! I've left a review, you should check it out at https://seedly.sg/reviews/savings-accounts/stan...

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Randy Chai

04 Dec 2019

Hi Alcander!

Taking the assumption that you're a student and thus, would not be able to qualify fo...

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I'm aware about the current health & economic crisis. Sad about the SC Jumpstart interest changes. So will the banks ever going to increase their interest back up?

Hi all, I have a DBS multiplier account and want to increase my interest rate. I'm currently spending less than $600 per month, should I still get a credit card (I'm looking at Live Fresh CC)?

If I have $10,000 in savings which I'm storing in my multiplier account, is it a good idea to use 50% of them to buy SSB, which offers higher interest rates?

I'm a fresh grad trying to decide which savings account to open. Was gonna go for DBS Multiplier until they revised their interest rates today. Any recommendations?

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