I can no longer meet the conditions to earn the 2% Cash Gift in POSB SAYE Account (no monthly salary), thus receiving up to 0.25%. If that's the case, is it advisable for me to close the account and go for OCBC Frank of 0.30% for abv S$10,000 ?

Go for CIMB Fastsaver with 1% interest rate! Or like the rest suggest you can consider SSB or FD too.

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P/S: CIMB recently have a promo till 30 Sep for min. 10K FD account opened online, offering 1.84% interest rate!

If you have above S$10,000, Citibank's maxi gain is your best bet for just leaving it there untouched. Base interest of 80% of monthly SIBOR rate, and accumulative 0.1% bonus interest every month (max 1.2% after 12 months). Try to ask for waiver of monthly fee if you don't have enough to meet the Total Relationship Management amount of S$15,000 (you didn't hear it from me here). I had mine waived permanently long ago and I was no where near the TRM amount. (and no, you didn't hear it from me here).

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Other than this, CIMB as several others have mentioned here is a good alternative at 1% up to S$50,000.

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If you are keen, Singapore Savings Bond can give higher interest over a 10 year period which you can explore as well.

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Hope this helps.

Cimb fastsaver need a min 1k in the account for the 1% interest btw. Since you might have accumulated a sum of money in the SAYE, why not put it in SSB or FD if you have sufficient enough for placements?

Hey, would advise you to park it in CIMB Fastsaver which gives 1% interest. Currently using that account with DBS Remix. It allows FAST transfer instantly with no service fees so you can easily transfer funds that you need to your savings account with an ATM card like DBS Remix or OCBC FRANK. Personally prefer to use DBS as my main account for more convenience. Parked my life savings, emergency funds and excess savings in CIMB Fastsaver.