Savings accounts have made a comeback in today’s era of high interest rates. Banks in general have increased their interest rates for their savings accounts to levels we haven’t seen in years. With so many different savings accounts offering different promotional rates, you may not know which savings account is best for you. We’ve broken down three of the most attractive savings accounts for the average working young adult in Singapore so they can make a more informed decision on how to maximize their savings. For ease of comparison, we will assume the profile of an average Singaporean working adult at the start of her career, who:
Have an account balance of at least S$10,000 Have at least S$2,000 of salary credited to your savings account each month after CPF contributions Spend
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