Thursday, February 14, 2008

Recommended places to Save your Money

Although higher interests can be earned form savings plans and investments, some liquidity is still needed from the day to day basis. In Singapore, majority of the banks offer low interest rates at about 0.25% per annum. However there are some banks/institutions that offer slightly better returns. Introducing to you two of them:

Standard Chartered Bank

Less than S$50,000 --- 0.80% p.a.
S$50,000 - $199,999 --- 1.20% p.a.
S$200,000 and above --- 1.40% p.a.

Fundsupermart

View rates here

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