Would it be right to say that if your savings is less than $50k, it will be better off to put in DBS multiplier account than in SSB?

Hi Clement,

In regards to savings, there are many instruments that can do so, like what Zhe Liang mentioned it depends on you as an individual whether you are able to resist from the liquidity you have in a bank

So it really boils down to what you are looking at :)

It depends on your needs and long-term goals. With Singapore Savings Bonds dipping to a rate of less than 2%, many high yield bank accounts are able to give better interest rate.

However, the key question will be: how disciplined are you to resist the ever-existing temptation to not spend the money?

Otherwise, you may consider other tools to help you grow your money.

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