UOB One Card
DBS Multiplier Account
UOB One Account
Asked on 05 Jun 2018
I work around this issue using other means to save. First I use BOC credit card for its cash back, but due to no salary credit bonus, I stuck with OCBC frank giving me 0.2%, and usually keep the bulk in SSB or buy stocks/REITS. If I do need emergency funds, I can swipe my credit card first then redeem my SSB to pay the bills.
WIth this general strategy, my bank account does not have too much cash.
Since it's unavailable, that means you're such with the few savings account with low interest rates. Thus, I'd recommend you to make use of CIMB FastSaver which offers 1% interest, no other conditions other than maintaining at least $1k. It allows you to make immediate transfers via FAST for free so you don't have to worry about your money being stuck in that account
Cimb fastsaver for 1% interest. Look up on seedly reviews on this savings account. Alternatively, you can look at maxigain.
Put the money into a Citi maxi gain account
UOB one account
CIMB as the others have suggested
At the extremely level change a job but this would also give you a pay increase
CIMB FastSaver which gives you the best flat interest at 1% p.a with no string attached.
Alternatively, to match DBS Multiplier:
For Sept 2018 only, go for CIMB Fix Deposit, min 10k for 12 months at 1.84% on their Anniversary month Sept.
UOB One doesn't need Salary to be credited. you can get the same interest rate by setting up 3 giro deductions for insurance, hp bill, starhub, income tax, etc
Definitely the CIMB FastSaver which gives you the best flat rate interest at 1% p.a and it is also liquid (ie you can withdraw the amount any time)
You can read the real user reviews here to understand why also: https://seedly.sg/reviews/savings-accounts/cimb-fast-saver
A very simple to use savings account. Designed for the person who is just keen to save up and earn 1% up to the first $50k. Also, many people may not know but actually it is SDIC $50k insured and the CIMB Clicks Online interface is not too shabby as well! Online approval is quick.