Finance

CIMB Philippines is Lowering Interest Rates for UpSave & GSave Accounts

May 1, 2020 by Bino 1 Comment

In an email sent on April 30th, CIMB Philippines announced that they will no longer offer the 4% p.a. interest for UpSave accounts and 4.1% p.a. interest for GSave accounts in the coming months.

Specifically, the standard interest rate will be lowered to 3% p.a. for UpSave accounts and 3.1% p.a. for GSave accounts starting June 1, 2020.

However, if one’s balance is at least Php 100,000 in June and July 2020, UpSave and GSave account holders can still earn an interest rate of 4% p.a. during those 2 months.

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The NEW DBS Multiplier Account – What You Need to Know

November 5, 2017 by Bino Leave a Comment

DBS has revamped its Multiplier Account yet again, In the latest set of changes in 2017, DBS has essentially lowered the transaction tiers needed to get the high interest. In the past, the DBS Multiplier Account was notable for being the only contingent high interest savings account in Singapore to offer the higher interest via total monthly transaction size for the categories of salary credit, card spend, investments, insurance and loans. The new DBS Multiplier is therefore more accessible in the sense that minimum transaction size is now only S$2,000 to earn the higher interest. But how does it now compare versus its peers in the contingent high interest savings account space such as the OCBC 360, Maybank Saveup or Citibank Maxigain? Let us take a closer look.

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Maybank SaveUp Account – Probably the Best Among the High Interest Conditional Savings Accounts in Singapore

October 1, 2017 by Bino Leave a Comment

Several banks in Singapore offer their own version of the high interest savings account that comes attached with conditions. Be it salary crediting, bill payments, investments or credit card usage; these banks are banking on the revenues generated from their other products to offset the cost of the high interest given to depositors. In this article, I will be talking about the Maybank SaveUp Account.

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Citi MaxiGain Savings Account – Is It Worth Signing Up For?

August 31, 2017 by Bino Leave a Comment

Citibank Singapore is offering a savings account with higher interest that differs from your other “higher interest” savings / current accounts like the OCBC 360 or the UOB Account. You don’t have to credit your salary or spend a certain sum in your credit card in order to earn a higher interest.

The catch? Well, your balance in the account should keep increasing or stay the same from the previous month. It sounds like a tall order but the concept is simple.

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