National Service (NS)
Asked 2w ago
I have about $1k savings, planning to switch from standard DBS everyday saving acc to DBS multiplier as a salary acc, then apply for the Save As You Serve to gain more interest rate. But what are some short term saving plan that can generate more interest rate than the plan I have currently? I have already the SCB Jumpstart acc where I placed the $1k saving.
You can take a look at Singlife which provides a 2% interest rate for the first $10K. This is definitely much higher than SCB Jumpstart which is currently at 1%. I am currently an NSF too and have been depositing monthly into Singlife to take advantage of their interest rate.
Singlife also allows you to withdraw your money any time at no additional cost.
You can head over to my blog for more information on Singlife