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Anonymous

21 Dec 2021

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What is the best bank to put in savings? Dbs multiplier? Standard charted jumpstart?

Me n mr fiance wants to start saving from scratch, $500/each from our salary. Ive heard DBS multiplier works at its peak if u can set aside $2k but I don’t have that much to start with.

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Han Jinyuan Larry

22 Dec 2021

SwimSafer 2.0 Instructor & Assessor at SWIMWITHUS

If you are in employment , it may be good to know if the company pays your monthly salary to a fix bank before you open the account .

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For emergency funds, what would be the best savings accounts to keep them in? is it enough if I put this in a DBS multiplier account?

With the cuts in interest rates across various banks (SC Jumpstart, DBS Multiplier), what other viable savings accounts are there that yield better returns?

Are there advantages in having a fixed deposit account and a savings account? Why do some people put money into a FD account, instead of say, putting everything into a savings account (e.g. DBS Multiplier)?

What savings accounts are updating their interest rates such as the Standard Chartered JumpStart? What is the best savings account for now?

Should I save with DBS multiplier or where else should I put my money? The condition of maintaining $3000 per month, is that the net balance or total sum of transactions (in/out)?

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