Anonymous
Or do I have to constantly manually do the transfer?
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Just do a recurring standing instruction to a high interest account. Can consider cimb fast saver or scb super salary account
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Gabriel
30 Sep 2018
Undergraduate at National University of Singapore
Yes it's possible
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For DBS, set up standing instruction under Transfer More Transfer Services Other Services on the iBanking platform (digiBank Online)
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For CIMB, set up scheduled transaction on the iBanking platform (CIMB Clicks)
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Should be similar for other banks as well!
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Yes, you can set standing instruction to auto transfer a fixed amount of money on a certain date of the month , eg $500 on every 5th day of the month. Will suggest that you look into high interest savings acc like DBS multiplier, UOB One, etc (with criterias to fulfil), or other accounts like POSB SAYE or CIMB Fastsaver.
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Jonathan Chia Guangrong
28 Sep 2018
SOC at Local FI
POSB has this through their Save As You Earn scheme, or through their eMySavings accounts.
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