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Anonymous
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!
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Rachelle Lye
22 Feb 2021
Digital Marketing at Fintech
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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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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! :)