beaks

maybe they do. better compare the features of the products. btw i also believe the esaver is quite a good option.

humbleguy80

My friend went to Vivocity to open an esaver account and there was a roadshow so my friend's new account was automatically credited S$1 by the bank. Normally, there was no credit in the new account.

leng8021

I know one good adviser who can help u to grow ur $$ or CPF stafely and legally. Contract: Mar Ho at 98512889 email: markho@prioritywealth.com.sg

legendtale

currently still park my extra cash at esaver. maybank i savvy also not bad but didnt try out.

sg FD can forget it, int rate lower then esaver. unless is foreign currency FD but then the risk of currency fluctuation.

recently gotta know the citibank step a/c which gives 0.685% intially and then goes up to 2%. comes with free cheque book and atm card but minimum balance is $2k.

humbleguy80

But esaver can link with extrasaver which it also issue debit card plus a cheque somemore no minimum balance for both accs. So far FD rates the highest goes to NTUC Thrift for small amounts like min $500 and can fixed for 3 mths onwards with different prevailing interest rate offered. The lowest rate offered is 2.1% with a min deposit of $500 for 3 mths.

legendtale

the catch for step up a/c is the 2% int rate. but i lazy to go find out how the int rate goes up to 2% yet :handsup:

monkeybusiness

I am using Maybank's I'savvy Account
at least it is better than stanchart's esaver by 0.13%..lol

panzergrenadier

Can consider treasury bills. Recent yield is about 2.2%.

Check out http://www.sgs.gov.sg/

Money forum also has a savings / fd sticky thread that is updated by mosmos with all the latest fixed deposit (FD) rates.

My blog below also has more info about treasury bills

Panzergrenadier

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shangerrard

I'm going for eSaver next week. Anyway Citibank's Step-Up Interest account is as such. U start with a base interest of 0.6875% and every consecutive month that your balance increases, you get an additional of 0.1093% step-up in the interest. In one year, if your minimum balance increases month by month, you could earn up to a total of 2%* interest on your savings. That's how it works. Max interest is 2%, and it can be maintained in 2 ways, either continue to increase the bank balance every month, or if you have S$20K in your account. No minimum balance for this account, but you have to arrange your emplyer to credit your pay into the account every month. Got some forms to be filled up by your employer.

djchris

Since you are going to get the e-savers, sign up for the xtrasaver as well for the debit card that's linked to your e-savers.

So that in future if you need money urgently from your e-savers, can still go to the ATM.

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winter

ntuc income's combined funds are ranked "A" with higher than average returns and lower than average risk. source rated in CPFIS funds report 2006. u can also save monthly or 1 lump sum. very well diversifed fund, meaning your risk is also much lower. hope it helps

humbleguy80

But then Maybank's I'savvy account, I think u need to have certain amount before earning that high interest. As for Standard Chartered, you can earn the high interest even with a dollar in it.

monkeybusiness

yes, you are correct. To earn the 1.68% interest, you need to maintain a minimum of 5k inside the account. Any amount lesser than 5k will be subjected to an interest rate of 0.25%.

If you are able to maintain the minimum of 5k for a period of 6 months, you earn an interest-on-interest bonus.

There's actually another savings account that is not too bad. It's the Fairprice Plus savings account. It offers you an interest of 1% (the lowest among the 3), but it gives you rewards when you shop at ntuc fairprice. Also, you can get a debit or credit card if i am not wrong.

Maybank's Isavvy Account: ideal for any amount greater than 5k
StanChart's eSaver Account: ideal for all amounts
OCBC Fairprice Plus Account: ideal for all amounts plus rewards will be awarded

monkeybusiness

yup, i have gotten the treasury bills at the interest of 2.2%.
will expire in october. :biggrin4:
currently now no more money to put in...else i will submit my application again..haha

Bounty

new FD promo from HLF

monkeybusiness

the rates are meant for people who have 20k or more than 20k
if consumers do not have that amount and wish to have a reasonably high interest rate, can seriously consider treasury bills
3 months tenor period giving a return yield of around 2+%

legendtale

hmm... think i shd read up more abt treasury bill liao.

monkeybusiness