Best bank to save money - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property, building net worth and retirement matters




Best bank to save money

Reply
 
Thread Tools
  #1 (permalink)  
Old 03-10-2011, 04:54 PM
Junior Member
 
Join Date: Oct 2011
Posts: 1
troysg is on a distinguished road
Default Best bank to save money

Hi all,

I was wondering which banks provide the best savings plan and what type of account I should open. I'm not a high earner therefore I wish to save at least $200/month for a least 6 months and followed by at least $500/month continously. I was wondering what type of account should I open for better interest and which bank.

I would like to thank those for their sincere replies. Thank you

Reply With Quote
  #2 (permalink)  
Old 18-10-2011, 12:48 PM
Millionaire Member
 
Join Date: Sep 2011
Posts: 275
Hermit is on a distinguished road
Default

Any local bank will do. I do not think there is much difference. Just decline the ATM card so that your savings remain saved. : )

Reply With Quote
  #3 (permalink)  
Old 08-12-2011, 01:48 PM
Junior Member
 
Join Date: Dec 2011
Posts: 1
tangoraven is on a distinguished road
Default

hi op, you can try the ocbc msa 123 account if you can committ to a regular saving amount and for several years (3 earns you 1% interest).

OCBC Monthly Savings Account

i'm using dbs mysavings for my regular savings amount which has .25% interest but i'm thinking of swapping to ocbc but very ley chey...

MySavings Account ? Product Benefits, Best Savings Deposit | POSB Singapore

Reply With Quote
  #4 (permalink)  
Old 08-12-2011, 03:07 PM
WiredJustice
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by troysg View Post
Hi all,

I was wondering which banks provide the best savings plan and what type of account I should open. I'm not a high earner therefore I wish to save at least $200/month for a least 6 months and followed by at least $500/month continously. I was wondering what type of account should I open for better interest and which bank.

I would like to thank those for their sincere replies. Thank you
No offense intended, but I think based on the amounts you have quoted, it makes more sense to go with a bank with branches and atms near your home and office than go about scouting for interest rate deals.

Any difference is likely to be very small at <0.2% for similar account comparison and that hardly justifies incuring inconvienience for the additional interest. Banking in your scenario should be more about accessibility and relevance of banking facilities rather than pittance rate differences.
Reply With Quote
  #5 (permalink)  
Old 13-12-2011, 01:54 PM
Unregistered
Guest
 
Posts: n/a
Default

CIMB star saver. put in 5k first then make sure every month increase by $500. interest is 0.9%. can withdraw anytime. apply their internet banking or use their free cheque book to get funds out when u need it
Reply With Quote
  #6 (permalink)  
Old 13-12-2011, 01:55 PM
Unregistered
Guest
 
Posts: n/a
Default

sorry, it is 0.8% p.a now
Reply With Quote

  #7 (permalink)  
Old 13-12-2011, 02:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
sorry, it is 0.8% p.a now
Still the best in town. Let me open an account now.
Reply With Quote
  #8 (permalink)  
Old 22-03-2012, 04:18 PM
Banned
 
Join Date: Mar 2012
Posts: 28
Jimmy1978 is on a distinguished road
Default

How's the saving coming along? I was looking online the other day and I notice that DBS has a autosave feature for one of their savings account. Every month you choose a amount to be deducted from your salary and put into your savings account. So you don't have to keep thinking about how much you need to put aside, it's done automatically for you.
Reply With Quote
  #9 (permalink)  
Old 07-05-2012, 03:53 PM
Unregistered
Guest
 
Posts: n/a
Default

the best savings account to save money in is the CPF!!! Forced deduction every month on pay day whether you like it or not... Backed by stable goverment, 100% capital gauranteed with decent interest rates..... the only problem is that it is a fixed deposit for life... Can put in but cannot use for anything much other than buying your HDB....
Reply With Quote
  #10 (permalink)  
Old 18-05-2012, 06:54 AM
Junior Member
 
Join Date: May 2012
Posts: 8
lizzy0302 is on a distinguished road
Default

There are lots of banks where you can save your money but do a background check first before depositing your money. Some banks are into announcing bankruptcy also but they're just hiding it.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Save A LOT on your Vitamins Salary.sg Investments and Net Worth 5 Yesterday 10:44 PM
Working in a bank ericgohjunhui Income and Jobs 521 14-11-2018 12:03 AM
DBS Bank Test, please help! vnme Education and Personal Growth 7 06-10-2011 03:36 PM
Bank executives work long hours Salary.sg Income and Jobs 2 25-05-2008 03:02 PM
High pay for bank operations recruits Salary.sg Income and Jobs 0 11-07-2007 01:53 PM

» 30 Recent Threads
Marsh Graduate Development Program ( 1 2)
12 Replies, 873 Views
Compare civil service salary ( 1 2 3... Last Page)
9,099 Replies, 5,269,034 Views
Our Poll Results: 45% Fresh... ( 1 2 3)
21 Replies, 14,634 Views
Career as Teacher ( 1 2 3... Last Page)
2,298 Replies, 1,463,843 Views
Big 4 firm rescind offers ( 1 2 3... Last Page)
40 Replies, 8,146 Views
Save A LOT on your Vitamins
5 Replies, 3,038 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,683 Replies, 1,009,811 Views
Fresh Grad from local U cant find... ( 1 2)
18 Replies, 1,839 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3)
20 Replies, 1,607 Views
Which degree is the best return on... ( 1 2 3... Last Page)
69 Replies, 13,639 Views
Insurance Management Associate... ( 1 2 3)
20 Replies, 11,427 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,572 Replies, 1,215,167 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
877 Replies, 715,009 Views
Lawyer Salary ( 1 2 3... Last Page)
4,949 Replies, 2,179,398 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
243 Replies, 73,132 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
659 Replies, 324,413 Views
Singtel Management Associate... ( 1 2 3... Last Page)
123 Replies, 79,446 Views
No progression in civil service... ( 1 2 3... Last Page)
38 Replies, 20,633 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,867 Replies, 3,643,429 Views
[advice] Recruitment agency...
5 Replies, 584 Views
is computer science a good choice... ( 1 2)
10 Replies, 927 Views
Apple background check hireright
9 Replies, 514 Views
Apple Grading Analyst - Siri
0 Replies, 116 Views
Anyone heard of being a ship... ( 1 2 3... Last Page)
76 Replies, 172,088 Views
Job offer from Apple ( 1 2 3... Last Page)
390 Replies, 69,085 Views
Life as a ICA Senior Officer ( 1 2 3... Last Page)
100 Replies, 120,190 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,080 Replies, 842,372 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,966 Replies, 1,796,549 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:11 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2