Maximize Your Savings: Top Strategies for Higher Interest Rates with DBS, OCBC, and UOB Accounts 💰

If you are age 18-26 look firstly at the Stanchart jumpstart account.
Read WHY I CHOOSE SCB JUMPSTART:
https://www.theastuteparent.com/2020/02/why-i-choose-stanchart-jumpstart-over-dbs-multiplier/
*Note SCB just announced impending interest rate reduction from 1july2020! =(

But if you are above the age of 26, then these strategies can help you.
Firstly consider the DBS multiplier account if you already have mortgage with DBS.
For 2 transactions + salary crediting ($5k to $15k), you can earn up to 2.2% for the first $50,000.
Do check with the latest rates on #dbsmultiplier
Read DBS Multiplier account: https://www.theastuteparent.com/2020/06/should-i-choose-dbs-multiplier-or-stanchart-bonussaver/

If you don't, consider using the OCBC 360 account. Salary plus one credit card of $500 gets you 2.1% on your $70,000 saved there.
Do check with the latest rates on #ocbc360
Read WHY I CHOOSE OCBC 360 ACCOUNT: https://www.theastuteparent.com/2020/05/ocbc-360-account-over-uob-one-account/
*Note OCBC just announced impending interest rate reduction from 1july2020! =(

Next, use the UOB ONE account. 3 giro plus one credit card of $500/m. It gets you 1.8% on your $75,000 saved there.
Do check with the latest rates on #uobone
Disclaimer: Rates offered by bank accounts will change.

Also adding in $10k getting 2.5% (non guaranteed) SINGLIFE SAVINGS Account
Read What Singlife 2.5% can do for you:
https://www.theastuteparent.com/2020/06/singlife-savings-account/

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NEW!! Looking for a better short term savings option, check my analysis on ELASTIQ PLAN BY ETIQA. Use the referral program too https://www.theastuteparent.com/2019/01/elastiq-by-etiqa/
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MORE Recommended videos for you
1) 8 INVESTMENT IDEAS WITH GUARANTEED RETURNS: https://youtu.be/4p6-6SB_a2A

2) How to use DBS multiplier for Joint Accounts: https://youtu.be/3_UkA8FO1Aw

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About Josh:
Josh holds a degree in Accounting.

In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips to help you kickstart your journey towards financial freedom.

As a ChFC charterholder, Josh has agreed to be bound by the ChFC®️/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video. No products were advertised.

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