facebookI 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 ? - Seedly
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Anonymous

Asked on 14 May 2018

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 ?

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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?

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Thank You!
Can you clarify
I wonder if
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Gabriel

Gabriel

Level 13. Grandmaster

Answered on 18 Sep 2018

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.

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Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Maxi gain has a min of 15k and you need to keep the money without touching for a longer period to ea...

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