Standard Chart E-Saver Vs Citibank Step-up

[harbiren]

Which of the above 2 better for constant saving where you only put money in and will rarely use it? Or any other bank account better?

 

[lzydata]

CIMB's StarSaver savings account, 0.8% pa.

Welcome to CIMB

OCBC's Bonus+ Savings Account, effective rate 0.69% pa if no withdrawals, but high minimum.

Higher-Interest Deposit Account | Bonus+ Deposit Account | OCBC

 

[harbiren]

Only this 2 good? I don't have so much money to do the 1st deposit leh

 

[steven168z]

Citibank Step-up provide free cheque

 

[therat]

Citibank Step-up provide free cheque

No more.

https://www.citibank.com.sg/gcb/deposits/cb_stepup_newcust.htm?eOfferCode=SGDSUILNAV

*All interest rates are subject to periodic review and may be revised at the bank's discretion. All rates are quoted on a per annum basis and are effective from 1 Aug 2011.

Base interest rate starts from 0.01% p.a., and is computed by taking the daily average balance at the end of the month. Your interest rate steps up each month, and up to a maximum of 0.13% p.a. over a 12-month period, if your minimum monthly balance is higher than the previous month's minimum balance. Step up interest is computed based on the preceding month's minimum balance. Both Base interest and step up interest are credited on the last day of the month (excluding Sunday and Public Holidays).Interest rates are subject to periodic reviews and may be reviewed at the bank's discretion.

The rates shown here are indicative only and quoted in % p.a. The rates are subject to change without prior notice and are not to be taken as an offer to contract. Citibank shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance of the information provided therein.

1st cheque book issued upon account opening is free. Thereafter, issuance of each subsequent cheque book is charged at S$10.


Citibank full disclaimers, terms and conditions apply to individual products and banking.

 

[harbiren]

Step up acct need 2k and above for 1st deposit leh, I only have at most have around 600 for a start only

 

[steven168z]

i have my free cheq

 

[haydentan]

Isavvy saving plus acct. extra interest received at the end of each 6 month period.
Must have increment every month

 

[endlssorrow]

citi max 0.13% only ah.. lousy siaz.. ocbc monthly saving 0.4%

 

[Sutcliffe]

Seems like step up fixed deposit is the best for now.
1.05% pa for the 12 month
or
1.57% pa for the 5 years plan

But u cant put in more money into the FD until it expires and u only get the stated interest rates if u keep it for the full term.

The stepped up normal deposit gives 0.8% per annum but u have to increase ur account balance by $100 or more per month to get it or else it will be a 0.5% interest rate which is still relatively high compared to posb etc

 

[iCuteCube]

I am using Citibank Step up.

I am not maintaining a 5 figure sum in the bank account, so don't really bother.

Calculating the interests rate and flexibility differences, i would choose citibank. As most of the monies will be somewhere else, just a transaction bank.

If not CIMB is one of the "best" in terms of interests rate if you want to park your monies permanently with extremely minimum transaction.

 

[harbiren]

The Citibank step up cannot put less than 2k right?

 

[iCuteCube]

The Citibank step up cannot put less than 2k right?

IIRC 5k now
Go and see their website.