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Dec 22, 2008

Update on NTUC Thrift Interest Rates








NTUC Thrift Savings Account
NTUC Thrift interest rates used to be 2% or more(see NTUC Thrift post).

Now the best that you may get is 1.5% p.a. interest rates on the NTUC Thrift savings account when you save with a monthly savings plan via GIRO. To receive this high rate,you have to put additional savings into the NTUC Thrift savings account.
If you prefer not to contribute additional savings, you can open the NTUC Thrift Flexi-save account.

However, the interest rate offered will be lower at 0.6% pa.

Other conditions apply to NTUC Thrift savings account:

• You must be a Thrift member
• Initial deposit required: min $20 and max $1,000.
• Monthly savings by GIRO only : min $20 and max $1,000

Thank you for reading Singapore Savings Account rates.

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