facebookWhich bank would be better for setting up sinking funds? I was thinking of the DBS MySavings account, but the interest is abysmal? Any suggestions? - Seedly

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Anonymous

17 Aug 2020

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Saving Hacks

Which bank would be better for setting up sinking funds? I was thinking of the DBS MySavings account, but the interest is abysmal? Any suggestions?

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Benedict Lau

17 Aug 2020

Student Ambassador 20/21 at Seedly

Hello!

You could take a look at the few listed below:

-RHB (1.05%pa)

-Standchart Jumpstart (1%pa, if you are 26 years old and below)

-Singlife (2.5%pa. do note that this is actually an insurance savings plan)

Hope this helps!​​​

Shania Loh

16 Aug 2020

Seedly Student Ambassador 2020/21 at Seedly

Hello!

Consider the following accounts considering the current situation, these would be your best bet!

-Standard Chartered Jumpstart account 1% interest p.a

  • Singlife account 2.5% interest p.a (not guaranteed)
  • StashAway Simple 1.9% interest p.a (not guaranteed)
  • CIMB Fastsaver account 0.5% interest p.a

good luck! :)

View 2 replies

You can consider high interest savings account. Just to list a few:

  • SC Jumpstart: 1%

  • CIMB Fast...

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