Advertisement
Alcander Seow
Environmental Engineer Minor in Business at Nanyang Technological University
What are some short term Saving Plans for NS men when they enlist?
I have about $1k savings, planning to switch from standard DBS everyday saving acc to DBS multiplier as a salary acc, then apply for the Save As You Serve to gain more interest rate. But what are some short term saving plan that can generate more interest rate than the plan I have currently? I have already the SCB Jumpstart acc where I placed the $1k saving.
5
Discussion (5)
Learn how to style your text
Reply
Save
Jiayee
15 Oct 2020
Salaryman at some company
You may wish to consider insurance savings like Singlife Manage.
Dash EasyEarn and gigantiq are possible alternatives too but there are slightly more restrictions in withdrawals.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
Standard Chartered JumpStart Account
4.8
782 Reviews
Maximum Interest: 2.50% p.a. for balances up to S$50,000
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
DBS/POSB Multiplier Account
4.3
322 Reviews
OCBC FRANK Account
4.7
213 Reviews
Related Posts
Advertisement
You can take a look at Singlife which provides a 2% interest rate for the first $10K. This is definitely much higher than SCB Jumpstart which is currently at 1%. I am currently an NSF too and have been depositing monthly into Singlife to take advantage of their interest rate.
Singlife also allows you to withdraw your money any time at no additional cost.
You can head over to my blog for more information on Singlife