Hi SGF!
I do not know a suitable forum to post this question to .
so....
Bank savings interest rate is extremely
low nowadays.
Which bank, local or foreign, offers the highest savings
interest rate?
I like to know and start withdrawing almost all of my savings
from one bank to another. I believe that if a bank offers lower
interest rate, money should not be put there and money should be
withdrawn and dumped into other banks offering higher interest
rate.
If everyone do what I do, banks will become more
competitive.
I just hope they all dun karkat together....aiyo, I just kidding
nia. Doon wanna get into trouble with rich people who could afford
expensive lawyers.
I am thinking of Citibank. Any advice?
Carp diem is erm... kindda right about that. For savings
account, most banks offer the same interest rates. They probably
differ by + or - 0.01. Unless you're talking about a huge sum, it
wouldn't be making that much of a difference. If it's a huge sum, I
think you can explore citibank's step up interest account. But then
again if it is enough for you to consider interest rates, might as
well invest in mutual funds and bonds instead?
You also might want to consider the services these banks offer.
Citibank is a convenient choice but I really don't think much of
their service standards. Internet banking interface is a pain, they
take a long time to process application and everything else. I
prefer UOB and standard chartered to citibank and DBS.
