Personal Finance

There are various reasons you may want to open a multi-currency account. Perhaps you regularly receive remittances, you love travelling or shopping, or you always transact with international suppliers and clients. Whatever your reasons are, here are your options for the best multi-currency accounts in Singapore.

A chart released by chart GlobalData showed that 41.4% of e-commerce payments were made using cards.

In a survey by Reeracoen and Rakuten, it was found that Gen Z prioritise income over free time, while Gen X place work-life balance as their priority.

Planning to buy a resale flat so you can live near or with your parents or children? Good news awaits you. The Proximity Housing Grant will give you tons of savings to be closer to your loved ones.

The Monetary Authority of Singapore will stop issuing good-as-new S$2 notes to encourage the use of fit-for-gifting notes this coming Chinese New Year.

The biggest banks in Singapore have all raised interest rates on their savings accounts twice since August.

From 3 December to 13 January, Singaporeans are invited to share their hopes and views for next year’s budget.

UOB recently raised the maximum rate for its flagship savings account to 7.8% per annum. This is the highest it has been in its seven-year history.

In a news release by the Central Provident Fund Board, Housing and Development Board, and Ministry of Health, it was revealed that the government is closely monitoring interest rates to ensure CPF interest rates are still appropriate.

A recent survey from Capco entitled Bank of the Future Survey, it was found that about 77% of Singaporeans are looking forward for a better banking experience.

If you’re looking forward to spending your retirement in Singapore, knowing the cost of living is essential so you can stretch the most of your money. If you’re wondering how much you need to retire comfortably in Singapore, you’re on the right page.

If you want a safe way to diversify your investment portfolio, one of the best things you can do is buy T-bills which are debt securities issued by the Singapore government. Keep on reading to find out more about this solid investment, and how you can buy it.
[Updated 16 January 2023]