Interest rate

• pqr

  24 Apr 06, 16:26

  Originally posted by sohguanh:

  So far the Standard Charted ESaver account offer the best interest rate and they give you the interest monthly. The downside is there is no ATM no cheque book except all is done via Internet banking. Going to counter to take money out will incur $5 admin charge. To transfer money out, apply the internet bank transfer. That way is the only way no fees will be charged.
  
  So for those who like to use internet banking, ESaver account is the best. I use it like a Fixed Deposit kinda account

  esaver only 1.88% right?
  
  But maybank is 2.38% leh
• kalangkabo

  24 Apr 06, 16:51

  Originally posted by pqr:

  esaver only 1.88% right?
  
  But maybank is 2.38% leh

  read the fine print
  
  *Rate is applicable to account balance(s) of S$5,000 and above for new and existing iSAVvy Savings Account(s) until further notice. Interest payable on account balance(s) of S$4,999 and below shall be based on the lowest tier of the prevailing Savings Account interest rate. Rates are subject to change. Terms and conditions apply.
  ** Eligibility for interest-on-interest is based on maintaining an average monthly balance of S$5,000 over a 6-month period, starting from the second month of account opening.
  
  
  make me happy for a while...
  
• Li Ka Shing

  24 Apr 06, 19:13

  Hello,
  
  Firstly, I am a CSA (Certified Savings Advisor).
  
  Due to the low interest rate in Singapore banks, any difference would be marginal. It is more advisable that you make your comparison based on non-interest-rate components of the service, such as customer service, gifts and perks, value-add services, etc.