Category Archives for Savings
SCB Step-Up Time Deposit
Standard Chartered Bank currently has a very popular fixed deposit promotion, the SCB Step-Up Time Deposit. The other day, I was at one of SCB branches and the place was full of people! There were many people waiting to open a Step-Up account with a waiting time of almost 3 hours. The offer was previously open […]
Elderly Mislead by Sales Person from Bank
The following is a recent true story written by a friend of mine. It is a warning to be vigilant of what might happen to elderly or not so literate people when they try to perform simple banking like fixed deposits at certain banks. Never let your guard down. Friends, if your parents do their […]
DBS PayLah – Seamless Fund Transfers
DBS PayLah! is a new phone application by DBS that allows you to perform fund transfer easily without the need to know the bank account number of the recipients. How it works is that PayLah! acts as some kind of mobile wallet that is linked with your handphone number and DBS bank account. Your mobile number […]
POSB eMSA too Good to be True
Someone was asking me about the POSB eMSA where you can earn up to 2% p.a. on a special savings account with the requirement that you need to maintain an increasing balance every month by depositing additional money. It sounded too good to be true so I decided to investigate further by asking my friend […]
Standard Chartered Bonus$aver Account
Standard Chartered Bank has recently launched their Bonus$aver account, which offers an interest rate of 1.88% p.a. on the savings for the first S$25,000 in your Bonus$aver account. The account also comes with a Mastercard credit or debit card. To qualify for this special rate, you will need to spend at least $500 every month […]