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In the past, I like to look for savings account that offers higher interest rate.
I would periodically comb through the major banks to see if they offer any better rates and I would jump from savings account to savings account.
Yes, it is troublesome to open and close accounts.
But, do you know that you can easily get higher interest (like 20x or more!!! as compared to normal savings account) if you had taken the time to do the research?
Fixed deposits are also a good way to park your spare cash for better interest rates for short term.
It’s hard to request for more pay from your boss, so why not make your existing savings work a little harder?
Hope the articles listed below can be of some help to you.
Singapore Bank Savings Interest Rate lists the current interest rate offered by the major banks in Singapore. There is one savings account that offers 1% p.a. interest rate with no conditions!
Fixed Deposits Rates Singapore list the current fixed deposits rates. There are some very good promotions going on now.
Low Interest For Fund Transfer in Singapore list the interest rates and fees for funds transfer from your credit line account.