Asked by Anonymous
Asked on 22 Jul 2019
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?
CIMB Fastsaver FTW - because of the straight up 1% with no conditions whatsoever!
Another no-frills one is the Citibank Maxigain, but for that I believe the minumum amount was $100k or so.
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/savings-accounts/saye CIMB fastsaver is a no frills 1% interest if you have at least 1k.
See all 3 comments
22 Jul 2019
25 Jul 2019