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Anonymous

18 Apr 2019

∙

Which saving account is better for salary credit only?

Between DBS and OCBC, the calculator recommended DBS when I put balance of 60k and above. Shouldn’t OCBC give higher rate when balance has more than 35k?

DBS/POSB Multiplier Account OCBC 360 Account

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Nicholes Wong

18 Feb 2019

Diploma in Business Management at Nanyang Polytechnic

1.2% for the first 35k. 1.5% for the next 35k. That means out of your 60k, 35k is earning 1.2% and 25k is earning 1.5%, not all 1.5% when u have more than 35k. DBS multiplier gives bonus interest up to 50k so putting 10k into CIMB Fastsaver would be better or you can even consider SSBs. OCBC not that good right now in terms of interest.

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If my salary is credited into a POSBank savings account, and I manually transfer my salary into my DBS multiplier account, does that count as salary crediting?

Should I stick with my current OCBC account until I graduate before moving on to another savings account (+ credit salary) OR switch to another savings account (e.g. Standard Chartered Jumpstart) now?

I'm 28, will credit $2240, currently hv SGD15k (full savings) and wld like to ask which bank has better interest (includes salary, credit card and bills payment ). N if $75k saving which bank is good?

I'm a student & working part time. I try to save 20% of pay each month. Is scb jumpstart a good account to credit my salary and for savings? Is it easy to transfer to other bank accounts such as POSB?

Does anyone know for POSB SAVE AS YOU EARN/SERVE (SAYE/SAYS) account, do I need to credit my Salary to the account directly or I can just do a deposit from my own account to receive the special interest?

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