Which saving account is better for salary credit only? - Seedly

Bank Account

Savings

OCBC 360

DBS Multiplier

Asked by Anonymous

Asked on 18 Feb 2019

Which saving account is better for salary credit only?

Between DBS and OCBC, the calculator recommended DBS when I put balance of 60k and above. Shouldn’t OCBC give higher rate when balance has more than 35k?

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1.2% for the first 35k. 1.5% for the next 35k. That means out of your 60k, 35k is earning 1.2% and 25k is earning 1.5%, not all 1.5% when u have more than 35k. DBS multiplier gives bonus interest up to 50k so putting 10k into CIMB Fastsaver would be better or you can even consider SSBs. OCBC not that good right now in terms of interest.

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