DBS Autosave Account

DBS Autosave is a 2 in 1 account that have both features of a savings and current account.

It allows you to earn daily interest (which is pretty low) with  cheque-ing capability.

You need to be at least 21 years old for eligibility and requires $3,000 minimum initial deposit.

The down point for this account is that it has monthly account fee of $2 and charges $7.50 fall-below fee if the average daily balance falls below S$3,000.  So, remember to maintain at least $3k to avoid fees.

There are better accounts that provide better interest with cheque books, be sure to look around that suits your needs.

DBS AUTOSAVE (as of 08/2010)

First $3000 – 0.1000

Next $47000 – 0.1250

Next $50000 – 0.2500

Remaining balance above $100000 - 0.3250

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