Our family status is not that high as we want. Now that I am working and is the breadwinner of the family, I am expected to give the needs and the wants of the family. The company that I am working with gave us a debit card to use it for the salary to receive. Can I get it to my family for them to use?
Maybank Passbook Savings Account is remarkably simple in terms of its interest rates structure, but has a few unique features when considering eligibility. To begin with, savings earn interest according to tiers within the balance. In other words, the first S$50,000 of a balance earns at 0.1875% p.a. interest, and any remaining balance beyond S$50,000 earns 0.25% p.a. In terms of eligibility, that may be a bit odd.
Maybank Passbook Savings Account / Maybank Singapore
The Standard Chartered e$aver Savings Account is currently offering a promotion that significantly boosts its value by providing consumers heavy incentives to make large deposits into their accounts, as any incremental increases in their balance from month-to-month will earn 1.70% p.a. These funds must be credited to outside source, rather than transferred within the Standard Chartered banking system, and this bonus applies to the increase only and not to the entire balance.
Standard Chartered e$aver / Standard Chartered Bank Singapore
This account is only open to consumers with an Advance banking relationship. Overall, HSBC Advance Time Deposit is fairly accessible, with just an S$5,000 minimum to place a deposit of any tenure at standard rates. Interest rates do not vary by deposit size, though rates jump substantially for longer tenures. In fact, board rates from 1 to12 months range from 0.05% to 0.25%, but a 24 month tenure earns an impressive 1.45% p.a. This is one of the highest 24 month rates on the market, making the HSBC Advance Fixed Deposit excellent for long-term deposits
HSBC Singapore Dollar Savings Account / HSBC Bank Singapore
This is a straightforward bank account which makes saving simple. As it does not come with the multiple criteria to earn a higher interest, the rate is lower compared to local banks, but up to 1.8% p.a. and there is no fall below fee involved. I use CIMB FastSaver to deposit savings for my parents and overall customer service is great since not many people use this bank.
CIMB FastSaver Account / CIMB Bank Berhad Singapore Branch
Maybank I savvy account offers a higher interest rate per annum as compared to other banks offerings. I believe that it is worth it to use them as a savings account where money accumulated is able to get higher interest.
Maybank iSAVvy Savings Account / Maybank Singapore
The interest is quite low on this card as compared with other saving plan. It deducts 2 dollars per month on your account balance if it is lower than $500. The interest rate is minimal and there are no incentive to save each month. Super good account as they do not need initial deposit to open the account. Good for new to workforce adult that have not much saving.
DBS eMySavings Account / DBS Bank
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Using others debit card comes with risks, even you have permission. Not all banks or debit card companies who issue them will permit you to do so. There are two different ways to authorize a friend or relative to use your debit card. You can add the person to your account officially as an authorized user, or you can simply share your card and personal identification number informally, as many people do.