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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, [...]

If you are still having the bulk of your savings in normal savings account like POSB whose bank interest rate is 0.25%p.a., you might want to reconsider again. You might want to consider moving some of your savings to banks that offers high interest rate. One such bank is FairPrice Plus, currently offering 1%p.a. interest [...]

Standard Chartered eSaver Account is now offering Bonus Interest Rate of up to 1.88%p.a. on your Top-Up amount. The offer last till 31 December 2008. Balance Interest Rate + Bonus Rate = Special Rate Less than $50,000 0.50%p.a. 0.50%p.a. 1.00%p.a. $50,000 to $199,999 0.88%p.a. 0.30%p.a. 1.18%p.a. $200,000 to $499,999 1.00%p.a. 0.30%p.a. 1.30%p.a. $500,000 to $999,999 1.00%p.a. [...]

To transfer money to Fairprice Plus Savings Account through Internet Banking: OCBC’s Bank Code = 7339 OCBC’s Branch Code (3 digits) = 583 or 587 Account Number = 123456001 (eg. 587-123456-001 -> omit the first 3 digits and dashes) Incoming Search:fairprice plus internet bankingfairprice plusfairplus internet bankingfair price plus internet bankingfair price plus

Finally my FairPrice Plus Savings Account is ready! The whole application process took about 2 weeks after mailing in my application form. I regret not applying for this high interest rate savings account earlier. If I didn’t remember wrongly, they offered even better interest rates when they just launched the product. FairPrice Plus Savings Account [...]