facebookIs CIMB FastSaver or POSB SAYE better for a student? - Seedly

Anonymous

25 Jul 2019

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Saving Hacks

Is CIMB FastSaver or POSB SAYE better for a student?

Hello, I am student thinking of opening a new savings account to earn higher interest. Can anyone advise me which is better among the 2?

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Gabriel Tham

25 Jul 2019

Tag Team Member at Kenichi Tag Team

As a student, I am assuming you do not have a job currently.

If that assumption is right, then CIMB fastsaver is the better choice. Because POSB SAYE requires salary crediting and you only earn the higher interest on the amount you deposit into SAYE account. https://www.posb.com.sg/personal/deposits/savin...
CIMB fastsaver is a no frills 1% interest if you have at least 1k.

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CIMB for no frills interest, POSB for higher interest (if you company supports salary crediting).

CIMB Fastsaver FTW - because of the straight up 1% with no conditions whatsoever!

Another no-frill...

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