Savings Account Optimization September 2022

 

From September till November(3 months period). I won't be applying for any Tbills or SSB. Doing musical chairs with RHB (4.2-4.5%) High Yield and Singlife (2%)/GOsaver (1.68%-2.5%) entitles you to a more than 3% pa for this period. There is also no cap to the maximum amount of savings into RHB and GOsaver. For in-depth RHB High Yield optimization read here.

1) Month of September put all your savings into RHB High Yield(4.2-4.5%), 

2) Month of October put 10k into Singlife(2%) and the rest into GOsaver(1.68-2.5%)

3) Month of November put all savings back into RHB High Yield(4.2-4.5%)

4) Month of December onwards, revert back to normal savings account optimization strategy: 10k into Singlife(2%), the rest goes into GOsaver(1.68-2.5%). Continue bidding for Singapore Savings Bond/Tbill.

4) You will get more than 3% pa for these 3 months with no cap to the quantum.