What would be awesome for savings with higher interest, DBS Mulitplier of eMySavings Account or SAYE? Am also thinking to start DBS Vickers Passive Funds Investment. What would be your advice? - Seedly
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Anonymous

Asked on 27 Sep 2018

What would be awesome for savings with higher interest, DBS Mulitplier of eMySavings Account or SAYE? Am also thinking to start DBS Vickers Passive Funds Investment. What would be your advice?

Considering the fact that I will be in army and I want to put my savings either into here of SAYE(do comment if recommended too). Am also thinking to do passive funds via DBS Vickers at the same time. What would be your advice? Thank you.

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Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Answered on 28 Sep 2018

For NSF SAYE. Can't hit the min salary credit already for multiplier. But do note, the extra % you get for SAYE will be forfeited once you withdraw money from it. As a NSF you don't know whether will you need the cash. And you forgo the liquidity for 1% interest. Alternatively, CIMB fastsaver.

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Gabriel
Gabriel
Level 8. Wizard
Answered on 28 Sep 2018

If you can meet the criteria (salary credit, minimum spending) to earn higher interest for accounts like DBS Multiplier, UOB One, OCBC 365 etc, then go ahead and get those accounts. Otherwise, can consider CIMB FastSaver (Liquid) or POSB SAYE (Not liquid - if withdraw, will forgo additional interest).

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šŸ‘ 0

NS is POSB save as you serve. Not sure got diff or not. But you cannot withdraw at all once you put into the SAYS account so do remember that. Not too sure about DBS Vickers. But do remember to check the various charges.

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Jay Liu
Jay Liu

28 Sep 2018

SAYE/SAYS both are the same. Just different terms.