Advertisement

Anonymous

12 Jul 2023

∙

Which savings account to use?

I have a huge dilemma - I am currently on DBS mulitplier and can't hit enough % for it to be worth staying on this account. However, after much research, I am still unable to decide.

I usually use my miles card (citi) for most of my online/ big ticketed credit card spend which means my other credit card is mostly for offline and transport which is below $500 monthly.
To get a good interest rate from UOB, I need to spend about $500 each month which seems unlikely on at least 4-5 months per year. This makes more sense for me to get a OCBC 360 acc
However, OCBC 360 credit cards all have minimum spends... of more than $500 so...
I pay insurance annually so using that cant be a reason

I do save monthly into a robo advisor so does that constitute as a GIRO payment? Or can I apply for OCBC and not have a OCBC credit card - is that ideal?

Need some advice, please! Thanks :-)

OCBC 360 Account UOB One Account

3

Discussion (3)

What are your thoughts?

Learn how to style your text

JH L

02 Nov 2023

Bear in mind that your bank account can be with a different bank from a credit card account.

Like you, I hold a citi card, but I keep most of my monies with a few other banks. Consider digital banks if you trust them. Their interest rates are pretty much low requirements.

Reply

Save

Emma

27 Jul 2023

Heyy, take a look at this page for some of the best savings accounts!

Reply

Save

Justin

14 Jul 2023

Content Strategist at Seedly

If you're having trouble hitting min spends like me, maybe consider SC jumpstart with no hoops for t...

Write your thoughts

Related Posts

Is the POSB Save As You Serve account worth opening for NSFs? Or could I be better off using a different savings account for savings while serving?

For those who use accounts like the DBS multiplier, do you create separate savings and expenses accounts? If you do how do you maximise savings?

Hi! I bought singapore savings bond using SRS in ocbc account. How do I see if interest is received after 6 months? Is this reflected in the srs account or main savings acc? Thanks

I have open a DBS multiplier account to enjoy the interest. Previously I was using POSB saving account with 0.05% of interest. Should I close my old account,now that I have the DBS multiplier account?

If I have 0 balance in DBS multiplier account, do I need to pay for fall below fee? I am using another high saving account. If they do charge for the fall below fee, should I delete the account?

I am working overseas at the moment, and have been using (normal account) POSB and OCBC to transfer my salary over. Are there any savings account that I can try applying to optimize my money?

Related Products

OCBC 360 Account

4.3

209 Reviews

Up to 2.38% p.a.

INTEREST RATES

$1,000

MIN. INITIAL DEPOSIT

$3,000

MIN. AVG DAILY BALANCE

UOB One Account

4.3

92 Reviews

Related Posts

Is the POSB Save As You Serve account worth opening for NSFs? Or could I be better off using a different savings account for savings while serving?

For those who use accounts like the DBS multiplier, do you create separate savings and expenses accounts? If you do how do you maximise savings?

Hi! I bought singapore savings bond using SRS in ocbc account. How do I see if interest is received after 6 months? Is this reflected in the srs account or main savings acc? Thanks

I have open a DBS multiplier account to enjoy the interest. Previously I was using POSB saving account with 0.05% of interest. Should I close my old account,now that I have the DBS multiplier account?

If I have 0 balance in DBS multiplier account, do I need to pay for fall below fee? I am using another high saving account. If they do charge for the fall below fee, should I delete the account?

I am working overseas at the moment, and have been using (normal account) POSB and OCBC to transfer my salary over. Are there any savings account that I can try applying to optimize my money?

Advertisement