facebookWhich is the best savings account with no conditions? - Seedly

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Anonymous

22 Feb 2021

Saving Hacks

Which is the best savings account with no conditions?

Hi! After maxing out your main bank account with conditions like salary etc for bonus interest, which account is next best? (No singlife/dash please as the limit is quite low and too many places to keep track) thanks v much!

Discussion (2)

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Rachelle Lye

22 Feb 2021

Digital Marketing at Fintech

Hey Anon! Yep Zac is right!

If you're under 26 years old, SC Jumpstart Savings Account is your best bet with:

  • No minimum deposit

  • No fall-below fee

  • No lock-in period

  • No need to credit your salary

  • No need to invest or buy insurance

  • No annual or monthly fees

  • No minimum spend needed

In fact, you can get 1% cashback on eligible spending with a debit card — capped at $60 a month.

You can refer to Seedly's Best Savings Accounts in Singapore 2021: Highest Interest Rates for Working Adults Comparison here.

Hope this helps! :)

Zac

19 Feb 2021

Noob at Idiots Invest

CIMB Fast Saver - no minimum balance, 0.3% interest on first 50k. But need to pay $10 for ATM card.

SC Jumpstart - no minimum balance, 0.4% interest on first 20k. But must be 26 or younger to open account.

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