Wednesday, 12 February 2020

Savings Account

Image result for standard chartered
Jumpstart account

The Standard Chartered Jumpstart account is where I put most of my cash right now. This will be a simple breakdown on why I chose this savings account.


  1. High base interest rate of 2% per year
  2. No fall below fees
  3. Not many T&Cs (Age is the only requirement)
  4. Easy to apply for
  5. Allows money to be withdrawn without penalty


  1. Capped at $20,000
  2. Only available for those aged 18-26

For more information on this please visit

Image result for posb save as you earn
Save As You Earn

Another Savings Account that I am putting my cash in is POSB's SAYE account, this is also another savings account that gives pretty high interest rate however this savings account has a lot more terms and condition which might not be suitable for everyone


  1. High Interest rate of 2++% depending on the amount you deposit into it every month
  2. Easy to apply for


  1. Have to save a consistent amount every month
  2. Any withdrawal of cash from this account will cause you to forfeit your interest rate
  3. Interest given will only be for the first 2 years
  4. Plenty of T&Cs that will cause your interest rate to be forfeited

No comments:

Post a Comment