In this low interest climate. Is SAYE a good savings account option to lose 'liquidity' for the 2% interest? I'm curious why it's not being brought up much in this forum?

POSB SAYE/SAYS requires a 'SAL'/'PAY' component in order to earn the 2% bonus interest (2 years) and therefore suitable for those earning a regular income. Bonus interest is payable on the 13th and 25th month and any withdrawal will forfeit the interest accumulated.

For students and NSFs, SAYE may not be the most suitable. This is because uni students doing part-time work will not be able to fully utilise the benefits (or at all if not working) due to low monthly income and NSFs serving 1 year 10 months will lose out on the 2 months of interest.

For those with an existing pool of cash and not working, there are other alternatives. There is Singlife account (2.5% non-guaranteed) which offers no lock-in, Singtel Dash (1%+1%), and other short-term endowment plans.