Seeing that Standard Chartered Jumpstart and OCBC 360 interest rates p.a. have been cut effective from July 1, where should I jump to for my savings?

Can consider Sif, RHB, CIMB, OCBC 360, SingLife or Trust Bank.

Hi, just an update that there has been a cut in Singlife recently - The interest has been cut to about 2.0%. However, that is still a very competitive interest rate for a fully liquid account. I would suggest building your first 10k in there!

Hi Anonymous,

Another option would be traded endowment policies (TEPs) that yield up to 4.6% projected IRR. TEPs are policies that were given up by original policyholders and are for resale, for shorter term and higher interest as compared to newly-incepted ones. However, you have to first speak with your financial advisor if this product is suitable for your savings needs.

Disclaimer: I run my own business trading insurance policies in the resale market.

Hello there!

You can try Singlife to earn a non guaranteed return of 2.5% for your first 10k.