OCBC 360 vs UOB ONE vs POSB CASH BACK vs DBS Multiplier vs BOC vs MAYBANK vs STANDARD CHARTED BONUS SAVER.

 

OCBC 360 vs UOB ONE vs POSB CASH BACK vs DBS Multiplier vs BOC vs MAYBANK vs STANDARD CHARTED BONUS SAVER. Well there are a long list of bank providing almost similar packages to offer working adult where to put their money in order to earn the best Interest.Its been quite a while for me to figured out which bank  serve me  best for my situation.As i have a lot of loans and commitment entangle to me, money wise, i am quite cautious where i use it and put it.What you earn doesn’t necessary counts , is what you can keep and save.

Changes made on OCBC 360 during 1 April 2017, where some of the area of interest has been reduce , while others increases.To maximise what my money can do for me, i actually did some research.Personally i have an OCBC 360 Account, which is the main account for me to do all transactions.But i can see there are lots of banks coming up with similar packages offered.

I have complied 7 Banks which offer similar services in a single table, where the differences can be view clearly. Then i compute difference outcome which i get ,by putting  the same amount of money into different packages offered by  banks.

It took me almost a day to create the table , you can download it , or distribute it for free.Hopefully it will benefit you and will earn you more interest on your savings. The Details of the table might be a lot, if  happens that you can’t view it  as the font look a bit small, you can navigate your mouse to the end of the article and  zoom in .

 

The Table below shows the differences OCBC 360 vs UOB ONE vs POSB CASH BACK vs DBS Multiplier vs BOC vs MAYBANK vs STANDARD CHARTED BONUS SAVER.

[pdf-embedder url=”https://www.creatifwerks.com/wp-content/uploads/2017/11/OCBC-360-vs-UOB-ONE-vs-POSB-CASH-BACK-vs-DBS-Multiplier-vs-BOC-vs-MAYBANK-vs-STANDARD-CHARTED-BONUS-SAVER.pdf” title=”OCBC 360 vs UOB ONE vs POSB CASH BACK vs DBS Multiplier vs BOC vs MAYBANK vs STANDARD CHARTED BONUS SAVER”]

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The Below just my own case Studies, you can use this as an example to do your own case studies base on your own situation

Case Studies 1 – Middle Exec

Lee is a Middle Exec and his situation is as below:

• He is Single
• His Salary is S$5500 and Take home pay is S$4400
• He Spent  S$500 on his Credit Cards. ( On Dining, Insurance, Donation)
• He  has only S$ 20,000 in his bank.
• He pay 3 Bills Giro total up $150 ( Phone Bills, Electric Bills , etc)
• Invest S$300 in Trust Fund

Lets Check out How much interest in Cash he able to earn per month by comparing different packages  offered by different banks based on the table above.

OCBC 360	UOB ONE	POSB Cash Back	DBS Multiplier	Standard Charted Bonus Saver	BOC Smart Saver	MayBank Save UP
$S31.40	S$45.83	S$23.70	S$36.67	S$36.18	S$32.50	S$50.00

 

Case Studies 2 – Family Man

Brandon  is a Family man and his situation is as below:

• He is married
• His Salary is S$5500 and Take home pay is S$4400
• He Spent  S$500 on his Credit Cards. ( On Dining, Insurance, Donation)
• He  has only S$ 20,000 in his bank.
• Pay Mortgage S$1200
• He pay 3 Bills Giro total up $150 ( Phone Bills, Electric Bills , etc)
• Invest S$300 in Trust Fund

OCBC 360	UOB ONE	POSB Cash Back	DBS Multiplier	Standard Charted Bonus Saver	BOC Smart Saver	MayBank Save UP
$S31.40	S$45.83	S$23.70	S$36.30	S$36.18	S$32.50	S$50.00

 

Case Studies 3 –  The High Paid Executive Single/ Married

John  is a High Paid Exec  and his situation is as below:

• He is single / Married
• His Salary is S$7500 and Take home pay is S$6000
• He Spent  S$500 on his Credit Cards. ( On Dining, Insurance, Donation)
• He  has only S$ 80,000 in his bank.
• Pay Mortgage S$1200
• He pay 3 Bills Giro total up $150 ( Phone Bills, Electric Bills , etc)
• Invest S$300 in Trust Fund

OCBC 360	UOB ONE	POSB Cash Back	DBS Multiplier	Standard Charted Bonus Saver	BOC Smart Saver	MayBank Save UP
$S110.30	S$118.00	S$28.50	S$91.80	S$144.72	S$196.67	S$200.00

 

Case Studies 4 –  The Fresh Graduate

Dave  is a Fresh Graduate  and his situation is as below:

• He is Single
• His Salary is S$3750 and Take home pay is S$3000
• He Spent  S$500 on his Credit Cards. ( On Dining, Insurance, Donation)
• He  has only S$ 10,000 in his bank.
• He pay 3 Bills Giro total up $150 ( Phone Bills, Electric Bills , etc)
• Invest S$300 in Trust Fund

OCBC 360	UOB ONE	POSB Cash Back	DBS Multiplier	Standard Charted Bonus Saver	BOC Smart Saver	MayBank Save UP
$S15.69	S$29.16	S$18.00	S$16.20	S$18.09	S$16.25	S$25.00

 

Well Hope this Article helps you out, probably now you will know where to put your money get abetter interest rate.

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