Anonymous

06 Mar 2020

∙

Should I close my OCBC and move over to CIMB? How many banks is too many for a student? I have 2 bank accounts, OCBC and POSB now, both are the basic savings accounts with super low interest rates?

I’ve been reading a few seedly blog posts recently (really glad i found this platform to learn more about personal finance) and am thinking of opening a CIMB fast saver account. I only have 2k in savings cause i’m still schooling and i’ve been spending quite a bit of money on driving lessons. Thank you in advance :)

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DunSayBojioHor

13 Nov 2022

Can consider Sif, RHB, CIMB, SingLife Trust Bank.

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Geraldo L.

06 Mar 2020

One important factor for me as a student was the convenience of withdrawing cash easily, especially if there are ATMs widely available. For the 2 most convenient bank accounts with no minimum, you can consider OCBC Frank account (waived till 26 y.o.) and DBS multiplier (waived till 29 y.o.).

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MT2020

06 Mar 2020

If you are student between 18 - 26, you can consider creating a standard chartered jumpstart account...

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Hi there, I have a 20k with OCBC savings account and the interest is very low. I'm thinking to close this savings account so that I can put this amount of money to get more interest. Any advice?

DBS will cut interest rates on flagship Multiplier savings account again from Aug 1, amid a low interest rate environment and macro uncertainties. Will this push you to consider other banks instead?

I have $20,000. Should I a) apply for a POSB Everyday credit card to increase my interest rates to 1.85%, or b) move my funds to StanChart Jumpstart account for 2%?

Is it wise to put all my savings (around $10k , still a student) into StashAway income portfolio / Syfe REITs? Especially since the current bank interest rates are sooooo low right now?

What are the high interest savings account offered by Citibank and HSBC? I didn't see this 2 banks in Seedly's article on high interest bank accounts. Any recommendations?