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Anonymous

20 Jul 2020

∙

Is the POSB Save As You Serve account worth opening for NSFs? Or could I be better off using a different savings account for savings while serving?

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Tan Wei Ming

20 Jul 2020

Founder and Writer at Frugal Youth Invests

The thing that I don't like about POSB Save As You Serve is that you are forced to lock up your funds so as to earn the bonus interest.

Ever since Jumpstart was launched, I have been recommending people to sign up for it instead.

Now that Jumpstart has cut its interest rate to 1%, the best savings product will be Singlife.

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I have open a DBS multiplier account to enjoy the interest. Previously I was using POSB saving account with 0.05% of interest. Should I close my old account,now that I have the DBS multiplier account?

Which bank accounts allow you to have "envelopes" for different savings goals - baby, home, travel etc. My wife and I are keen to open an account that can help divide our savings amount.?

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 working overseas at the moment, and have been using (normal account) POSB and OCBC to transfer my salary over. Are there any savings account that I can try applying to optimize my money?

I’ve just started a sole proprietorship. I want to separate business profits and personal savings. Should I open a corporate account or use my DBS multi currency account to receive all revenues?

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