Best Saving and Deposit Singapore

As a past financial adviser, I am a pretty thrifty person and always looking out for best deal. A so call "lobang" king labelled by friends and colleagues.

At the time of writing, I like to share two best deals that capture my eyes.

DBS/POSB Fixed Deposit (reference)

With a sum of $1,000 to $19,999, over a cause of 12 months, you will fetch 3.2% with their fixed deposit (FD). Do note you must not have any existing FD with them else you will not be eligible. And yes, the number is up to $19.999, the moment you enter $20,000, the interest will drop to 0.5%.

If you do have some money lying around that can be placed aside for 12 months, don't missed it.

Mari Saving Account (by Shopee)

This e-bank by Shopee gives you a 2.7% daily interest up to $100,000 in saving. You cannot top up more once your account have $100,000. You will need to cash out of it to top up. It support Fast transfer and PayNow, whether to transfer out or in. This is really convenient. Just in case you are worried, it's regulated by MAS up to $100,000.

Trying to top up beyond $100,000 and got denied.

Why I find this attractive where you might ask. Since many banks has salary account. Those salary account are pretty much activities driven. You need salary to be bank in and a minimum spend on their credit card. If you lapse paying the card you need to call in to waive off the charges. Not to mention to watch out of annual fee, etc. They pay out interest based on your balance daily at 12am.

Daily interest from $100,000.
$100,000 & 2.7% / 365 days.

As a past financial adviser before, you should always keep some liquidity money when you need it. Not lock away. So I find that Mari bank offers me this great flexibility. While been liquid, there is no salary or minimum sum and yet they pays you daily interest. No frills and even have added benefit when shopping in Shopee. What else can you ask for! Putting in a normal saving account will not make your money work hard for you.

So look no further if you just want a interest paying account and no requirements for it. Also gives you the flexibility. Use my referral code below:

Get $10.00 by signing up with MariBank Personal Banking!Simply download MariBank app and use my referral code: 4NVN97FE. T&Cs apply.