Savings Archives - SG Budget Babe

2 minute read

Is Standard Chartered’s 8.05% interest on your savings worth the move?

SG Budget Babe

Local banks like DBS and OCBC have been cutting rates, but then SCB shocked everyone when they chose to do the opposite. But is 8.05% p.a. achievable and is it worth the move? Probably not, and here’s my take on why.

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7 minute read

Review: Why are most people choosing OCBC Money Lock over DBS digiVault and UOB LockAway?

SG Budget Babe

Now that you can now “lock” your money stored in your bank and prevent it from being transferred out by scammers who illegitimately gain access to your account or banking credentials, should you? Even if it means giving up higher interest in return?

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12 minute read

How legit is Chocolate Finance’s 4.5% return?

SG Budget Babe

At 4.5% p.a. guaranteed* return on your deposits, how legit is Chocolate Finance and how are they able to promise such a high yield when the banks can’t? Singaporeans rushed…

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5 minute read

Where to park your savings in 2023?

SG Budget Babe

Ever since the Fed started to raise interest rates, many of us have been shuffling our cash between various options – including fixed deposits, treasury bills and short-term endowment plans…

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6 minute read

Inflation is bad news for savers. Here’s what you can do instead

SG Budget Babe

If you’ve just received your annual bonus or have savings that you won’t be using in the near term, leaving it in your bank might not be such a good idea anymore, especially as inflation continues to creep upwards. Here are some alternatives you can consider instead.

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5 minute read

This App Helps You Automatically Save Your Spare Change and Invest into Gold

SG Budget Babe

With Hugo, you can buy, sell or save your money in gold in any amount that you want, from as little as S$0.01.

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6 minute read

Teach Your Kids Good Financial Habits While Giving Pocket Money

SG Budget Babe

With the rise in digital payments and online shopping, parents need to find new ways to educate their children about money – and at an earlier age, too. But how…

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4 minute read

The Importance of Wealthcare – Spend Less, Save More and Grow Your Wealth

SG Budget Babe

There’s no one else who cares more about your wealth than you. And in today’s climate where the cost of living is rising faster than (most of) our salaries, coupled…

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4 minute read

High Yield Bank Accounts Have Cut Their Interest Rates – Find Out How You’re Affected

SG Budget Babe

Come May, you will soon earn less interest on your bank deposits. No, this isn’t an April Fool’s joke (although I certainly wish it was). With interest rates dropping across…

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Review: Standard Chartered Bonus$aver

SG Budget Babe

What you need to know about the account before you sign up. Get 1.8% – 2.13% p.a. realistically on the first S$100,000 only if you’re willing to put your spend…

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Savings

Is Standard Chartered’s 8.05% interest on your savings worth the move?

Review: Why are most people choosing OCBC Money Lock over DBS digiVault and UOB LockAway?

How legit is Chocolate Finance’s 4.5% return?

Where to park your savings in 2023?

Inflation is bad news for savers. Here’s what you can do instead

This App Helps You Automatically Save Your Spare Change and Invest into Gold

Teach Your Kids Good Financial Habits While Giving Pocket Money

The Importance of Wealthcare – Spend Less, Save More and Grow Your Wealth

High Yield Bank Accounts Have Cut Their Interest Rates – Find Out How You’re Affected

Review: Standard Chartered Bonus$aver

A better way for Singapore investors to trade options

Is it too late to invest in the Straits Times Index today?

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