[SIC] Comparisons of savings account

[WindWaterWinter]

I'm sure a lot of people here are very knowledgeable about the various savings accounts (e.g. OCBC 360, UOB One).

But for those who still don't know, and needs a table for comparison, here's a rather comprehensive one!

 

[Trazora]

Very comprehensive indeed Take note that UOB One Condition 1 must be fulfilled before the higher tier bonus interest for fulfilling condition 2 or 3 is applicable.

 

[zuoom]

Not bad sie.

 

[Perisher]

For BOC, how strict is the salary crediting?
My company doesn't do giro...

 

[henrylbh]

Many simply need a simple savings accounts with no conditions at all. Which simple savings accounts give better interest?

 

[Perisher]

Many simply need a simple savings accounts with no conditions at all. Which simple savings accounts give better interest?

CIMB fast saver 1%, no conditions.
http://www.cimbbank.com.sg/en/perso.../savings-accounts/cimb-fastsaver-account.html

 

[IcYFl4mEz]

actually BOC is good enough with just the salary crediting. 1.2+ % liao. pay bill i believe all ppl does, so add up to about 1.8-2% liao.

 

[henrylbh]

CIMB fast saver 1%, no conditions.
http://www.cimbbank.com.sg/en/perso.../savings-accounts/cimb-fastsaver-account.html

Though no conditions to fulfil, 1% interest is limited to first 50k only.

 

[Perisher]

Though no conditions to fulfil, 1% interest is limited to first 50k only.

erm, how big an amount are we talking about here?

 

[doody_]

Though no conditions to fulfil, 1% interest is limited to first 50k only.

If you have more than 50k, it may be better off in a FD. Not much reason to hold so much liquid cash.

 

[Asphodeli]

Do note that $50k is the maximum limit that SDIC has insurance on per FI, across all accounts with that FI. If you are the kiasee type, it's best to split into multiple $50k accounts across different FIs.

If you have maxed out the no. of FIs in Singapore, please approach your friendly mama shop for these "security boxes":

 

[koja6049]

If you have more than 50k, it may be better off in a FD. Not much reason to hold so much liquid cash.

not a good idea either. you never know when the next fire sales is going to happen

 

[Sambuca78]

If not able to do the salary credit into the BOC, will still have 2.55%, right?

 

[Perisher]

not a good idea either. you never know when the next fire sales is going to happen

Firesale usually last a long time(weeks,months), if want flexibility, try SGS SSB.

 

[henrylbh]

If you have more than 50k, it may be better off in a FD. Not much reason to hold so much liquid cash.

Of course got reasons for holding more than 50k in savings account instead wanting FDs.

 

[yukita]

My work place don't do giro salary to BOC ... so still stuck with OCBC 360

 

[dork32]

even without salary, boc is 2.55. it is still higher than ocbc

 

[Yo2020]

even without salary, boc is 2.55. it is still higher than ocbc

higher than both ocbc n uob!

 

[Panerex]

Thanks TS.

Can also include DBS Mutliplier Account for comparison pls?

 

[victorian07]

This is useful, thanks for sharing.

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