facebookWhich salary crediting account best suits for people who earns around $1500 - $1800 per month to credit their salary into? - Seedly

Advertisement

Anonymous

Edited 30 Jul 2021

Random

Which salary crediting account best suits for people who earns around $1500 - $1800 per month to credit their salary into?

Salary crediting account

Discussion (1)

What are your thoughts?

Learn how to style your text

thefrugalstudent

31 Jul 2021

Founder at thefrugalstudent.com

Hi Anon,

I think the best account would be DBS multiplier. Among all the high interest savings accounts, UOB One and SC bonus saver have minimum salary credit amounts which are higher.

OCBC 360 I believe requires $1.8k, so if there are months where you draw below that, you'll miss out on any interest.

DBS Multiplier is the only one with no distinct salary credit amount. Instead, you simply need to fulfil the amount as a total of salary + spending, which can be PayLah! or credit card spending.

Then again, interest rates are low everywhere now. So don't stress yourself too much over this!

Regards,
thefrugalstudent

Write your thoughts

Advertisement