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The last High Interest Rate Savings Account listing was updated in 2009, since then the interest rate pretty much falls to new lows. Seeing the interest rate falling really breaks my heart. But there is a newcomer in the Singapore banking industry that brought surprises. Their tagline is “Be surprised by money”! Thats right, it is [...]

Citibank is going to reduce the interest rate for the step-up account again. From my march 2010 electronic statement: Effective 1 May 2010, the interest rates for SGD Step-Up Interest Accounts and Tap and Save Accounts will be revised to: Base Interest 0.14% p.a Bonus Interest per Step-Up Counter 0.03% p.a (Maximum Step-Up Counter = [...]

Citibank’s Step-Up Interest Account & FairPrice Plus Savings Account has reduced their interest rate yet again! Bad news for us who have savings in these accounts. Step-Up Interest Account still offers the highest interest rate if you have managed to step-up to the max. You might want to consider Maybank’s iSAVvy Savings Account or StandChart’s [...]

As stated in my previous post: High Interest Rate Savings Account, the interest rates of the better savings account of Maybank and Citibank are as below 1) Citibank Stepup Account Base interest – 0.16%p.a. Step-Up to 1%p.a.over 12 months 2) Maybank iSAVvy Savings Account 0.50%/0.75% + 6% IOI — iSAVvy savings (min $5k/$50k) Daily balance below S$5,000 (0.25% [...]

The base interest of Citibank Step-Up Account starts from 0.16% p.a. If your minimum monthly balance is higher than the previous month’s minimum balance, the interest will step up automatically. The step up interest is 0.07% p.a. The interest rate steps up (adds up) each month to a maximum of 1.0% p.a. over a 12-month [...]