If it is emergency funds, a higher interest bank account is recommended. If you do not have income that meets the criteria of savings accounts where salary credit comes with conditions (e.g. Mon crediting amount, min balance, UOB ONE, DBS Multiplier and OCBC 360), then consider CIMB's 1%p.a. account. You'll only get your SSB funds by the second business day of the following month (of the month you've applied to redeem your funds), so SSB is pretty illiquid to be emergency funds. Especially since you're a student and might want to save for short to medium term goals such as exchange.