facebookI currently have OCBC Frank, DBS eSaving, & SC Jumpstart account. Is OCBC Frank Account okay for savings? - Seedly

Alcander Seow

Environmental Engineer Minor in Business at Nanyang Technological University

02 Jun 2020

Saving Hacks

I currently have OCBC Frank, DBS eSaving, & SC Jumpstart account. Is OCBC Frank Account okay for savings?

Jumpstart ($800~), DBS ($150~), OCBC ($800 ~ $1000). Any advice on this?

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Discussion (3)

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Mimi Jasman

02 Jun 2020

Customer Service Officer at DHL PTE LTD

Hi there,

I think you should consolidate all your money in SCB Jumpstart account to make use of their 2% interest till end of this month which I have already done so last year!

However, starting from 1 July onwards the interest will be cut into half. So please do it now!

And you can also open a Singlife account which is at 2.5% interest , pretty high and solid too!

I agreed with Zhe Liang. Just put all your money in SCB Jumpstart (for higher interest) except your daily expenses.

In fact, whenever you need to withdraw money, you can transfer money from SCB to POSB/OCBC (depending on which ATM) within seconds.

Pang Zhe Liang

27 May 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

If I were you, I will consolidate these monies into two bank accounts - one for salary, and the othe...

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