Complete Guide To Opening A Bank Account In Singapore For Foreigners
As a foreigner who recently arrived in Singapore to work, study or live, there are many reasons why opening a local bank account should be one of your first things to check off your to-do list. In fact, this is something you should think about even before coming into the country, as you’ll need a […]
5 Reasons A High Interest Savings Account May Not Always Make Sense For Everyone
Many banks in Singapore offer their own version of a high-interest savings account. The more popular ones include the DBS Multiplier Account, OCBC 360 Account, Standard Chartered Bonus$aver, UOB One Account and there are others. Having a high interest savings account helps grow our savings at a much higher interest rate than the 0.05% per […]
Reinventing The Mortgage Process: How FinTech Startup Cashew Helps You Understand & Secure A Home Loan
For many homeowners, getting a mortgage can feel like a maze. You start by speaking to one or more loan brokers, each presenting a long list of packages from different banks. Then comes the task of comparing rates, working out which package really suits your needs, and pulling together stacks of paperwork for approval. It’s […]
Expensive for Expats But Affordable for Locals? Why Singapore Is Only 28th Most Expensive Among Cities
Across many international reports and rankings, Singapore is often labelled as one of the most expensive cities in the world. For those arriving from abroad, the city-state is relentlessly pricey with sky-high rents, car ownership costs, and international school fees. Yet, Singapore can also be a paradox. For many locals, life here can be far […]
5 Things Singaporeans Do To Save Money, Only For Them To End Up Spending More
The rising cost of living is hurting our pockets, and it’s common to find Singaporeans looking for creative ways to stretch their money. Sometimes though, these plans can backfire – especially if they actually raise our lifestyle expenses or if we have to dedicate too much time to them. Here are 5 common ways that […]
How Much Cheaper Will Your Home Loan Repayments Be If Interest Rates Drop By 0.5%
Between March 2022 and July 2023, the U.S. Federal Reserve (Fed) raised interest rates by a whooping 5.5% – from a lower range of 0% to and upper range of 5.50%. Anyone who locked in their home loans at this heightened interest rate level may be able to refinance or reprice their loans at a […]
Best Savings Account For Salary Crediting Only (For A Minimalist Banking Lifestyle)
Typically, for our first bank savings account, we tend to select one that has minimal opening barriers, such as a minimum initial deposit, minimum balance fees, or other conditions to earn interest on the savings. However, these plain vanilla bank savings accounts tend to also come with a low base interest rate of 0.05% per annum (p.a.), which […]
6 Measures Introduced By Banks To Safeguard Our Savings Account
New banking safeguards on digital banking transactions will be implemented on October 15th. If you are a customer of DBS, OCBC, UOB, Citibank, HSBC, Maybank, and Standard Chartered, and have at least $50,000 in your bank balance, this new safeguard will apply to you. Any withdrawals over a 24-hour period that result in at least […]
3 Ways Events Like Seedly Personal Finance Festival Changed The Way I Think About Money
When you think of a financial event, you may imagine a crowd packed into a single seminar hall. The speakers at the event are all well-informed, but their content is dry, dull, and complex. That’s no longer the case in Singapore, which now hosts multiple finance festivals each year, such as InsureXpo and MooFest. However, […]
4 Ways to Get Bonus Miles/Cashback For Groceries at NTUC FairPrice
Do your groceries often at NTUC FairPrice? Here are some ways you can get additional… The post 4 Ways to Get Bonus Miles/Cashback For Groceries at NTUC FairPrice appeared first on Sethisfy.
