Advice on normal savings

[Thehim]

Situation
I have X amount of money or bonus.
Would like to maximize interest from savings for this amount together with maximum liquidity over this amount, thus go for savings instead of policies or investments.

Solution/s
CIMB Step-Up account whereby I transfer $100/month to this X amount in CIMB and maximize interest at 0.8%.

I would like to hear upon advice of any guru or educated people regarding this solution i choose to my situation.
Are there any better solutions out there in the market that can be used for my situation?
Or any other advice would be appreciated.

 

[tnk001]

The CIMB Step-Up fixed deposit is better if you are somewhat confident that you can keep up for 1 year.

For the Starsaver, you don't have to transfer 100 per month in. As long as you have 1000 + 100*N, where N is the age of your account in months, you will get the higher interest. So you can dump the lump sum in directly.

 

[Darkzi0n]

does the step up or starsaver allow u to withdraw partially ( as long as above watever min requirement) ?

sounds like a decent place to put my emergency fund in the future.

 

[Thehim]

I think you could just keep the bare minimum to enjoy the interest rates, and fulfil the requirement of depositing fresh funds every month, as per step up suggests.
I'll head down to CIMB tomorrow.
Thanks