More Bang For Your Savings Bucks

Some of the best sources of information comes from the most surprising of sources. Larry Haverkamp aka Dr Money of The New Paper runs a wonderful website www.askdrmoney.com.

Take a look at the Best Bank Deposit Rates link to some ideas for better deposit rates for your savings account. For those who need a fast answer, take a look at Standard Chartered's eSavers' account and Maybank's iSavvy account. Both are online savings account with no lock-in period, and you will be paid 1.88% minimum (bid sayonara to 0.25%!) The only catch is that it will be slightly harder to withdraw cash, but you can work around that with a little bit of planning by doing online transfer to a local bank account a few days in advance.

For those with more cash and can tolerate a little lock in, did you know that get 3% or more? Go take a look at the website for some ideas to make your idle cash work harder, relatively risklessly.


PS I am not related to or paid by Larry Haverkamp or The New Paper or Standard Chartered or Maybank.