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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 [...]

Current Stanchart eSaver Interest Rates is listed as below: 0.40%/0.50% — e$aver (min $0/$50k) Daily balance below S$50,000 (0.40 % p.a.) Daily balance of S$50,000 to S$199,999 (0.50 % p.a.) Daily balance of S$200,000 & above (0.68 % p.a.) You might want to consider FairPrice Plus Savings Account as it offers better interest rate of 0.50 [...]

This simple video shows how compounding interest can make your money grow over time. It is always a good habit to save a percentage of your monthly pay regularly automatically. One way to force yourself to save money is by having 2 savings account (eg. Citibank’s Stepup Account & FairPrice Plus Savings Account). You deposit your monthly paycheck [...]

Finally FairPrice Plus is going to drop the interest rate for their Savings Account Interest. From their website, it states: Wef 1st Mar 09, the new FairPrice Price interest rates will function as:  First S$50,000  0.5% p.a.  From S$50,001 to S$500,000  1.0% p.a. (limited to maximum deposit of S$500,000) Scenario 1: If customer has S$60,000, [...]

Image by xcode via Flickr POSB MySavings Account makes saving money easy. It allows you to be discipline in saving money by transferring money from your DBS/POSB account into MySavings account automatically every month. You can choose a monthly savings amount from $50 to $3,000 and a monthly savings date anywhere between 1st and 25th [...]