During my heart surgery last month, the money I saved was only enough for all the hospital expenses. I used my card and did not noticed that it passed below my maintaining balance. I am scared that it my debit card will be automatically closed by the bank since it was almost zero.I tried notifying the bank about it but they are not responding.
The Unlimited$aver is a savings account linked to the Standard Chartered Unlimited Cashback Credit Card that unlocks higher cashback of up to 5% on unlimited credit card spend with funds deposited into the Unlimited$aver account. With the Unlimited$aver account, clients can earn up to 5% cashback on their unlimited credit card spend, with no cashback cap and no minimum spend.
Standard Chartered Unlimited Cashback Credit Card / Standard Chartered Unlimited$aver / Standard Chartered Bank Singapore
This is an account aimed at parents who already have an existing Citibank account and wish to open one for their kids who are below 18 years of age. Technically, Citibank does not impose fall-below fees on the Junior Savings Account holders. So if your child is the only one in the family with a Citibank account, there will be no fall below fee. However, if you as a parent also have a Citibank account and the total relationship balance which is the total balance of parent and child combined falls below $15,000, then a service fee of $15 will be charged to the parent’s account.
Citibank Junior Savings Account / Citibank Singapore
This is perhaps the most competitive salary crediting account that earns sizeable interest rate. Only low point is that you need to hit the minimum spent of $500 a month on debit or credit card and must pair up with one/yolo/lady’s card. Best high interest account in the market! Reliable and efficient travel insurance claim, highly recommendable and easy to claim. Your one stop solution for all travel insurance needs.
UOB One Account / United Overseas Bank
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
The initial deposit is only $10 and there are no fall below fee, while the account offers other kid-related perks such as birthday privileges, hand foot and mouth disease hospitalisation and outpatient insurance and personal accident insurance for you and your child. They’ve also got frequent promotions designed to attract kids. For instance, when opening a Youngstarz Savings Account, your kid gets a $20 POPULAR bookstore voucher.
Maybank Youngstarz Savings Account / Maybank Singapore
This is a current account with chequebook and a 0.8% for the interest. If you don’t require a chequebook, you can consider opening the fastsaver instead which pays 1%. This combined checking and savings account not only allows you to enjoy one of the highest interest rates at 0.8% p.a. but you will also receive unlimited free cheque books and free withdrawals ASEAN-wide.
CIMB StarSaver (Savings) Account / CIMB Bank Berhad Singapore Branch
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Your debit card will not close just because of low balance. It was actually possible for some banks to overdraw but of course, there will be an interest. But if it was not like that, you just cannot withdraw anymore money to it. In some banks, if the maintaining balance became lower, they will deduct a penalty when money has been deposited.