Investing in Bank Accounts Part 6

Singapore Savings Account Rates presents Investing in Bank Accounts Part 6 this June 2010.

8) Internet banking

This is banking through online services. Banks with internet banking facilities allow customers to check balances, pay bills, transfer funds, compare savings plans, and apply for loans on the Internet. Access to internet banking services is usually through the use of user IDs/ passwords and PINs.

9) Safety precautions in Internet Banking

Banks would take appropriate measures to ensure that their websites and online facilities are secure. If you want to know more about their security procedures, ask the bank for details. You can do your part to make your online banking transactions more secure by:

a) Keeping your ID and password to yourself. No bank staff will ask for your password.

b) Logging on to the bank’s website by entering the domain name of the bank into the browser bar. Never accept hyperlinks or redirections from other websites to log on to your bank’s website.

c) Changing your password regularly, especially if you make transactions frequently.

d) Checking your statements regularly and look out for unauthorised entries.

e) Remembering to log off, even if you are leaving your desk for only a short while.

f) Clearing your computer's cache and transaction history after logging out.

g) Do your banking transactions only on your own computer. Never use shared computers like those in cyber cafés.

h) Protecting your computer from hackers by installing firewalls, anti-virus programmes and updating your browsers and operating system with the latest security patches.

For further reading on other consumer guides, please log on to the MoneySense website at www.moneysense.gov.sg

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best selected Singapore savings account rates.

The Team
Singapore Savings Account Rates.

CIMB StarSaver Interest Rate

CIMB StarSaver Interest Rate

Singapore Savings Account Rates presents CIMB StarSaver Interest Rate.

CIMB StarSaver Interest Rate are shown for your information. Before you consider investing cash in stocks, shares, bonds, unit trusts or other banking products, ensure that you re-confirm the savings account rates with bank concerned.

CIMB StarSaver Interest Rate are subject to change without notice at the absolute discretion of the respective bank.

Whether you’re saving for your child’s future, a well-deserved vacation, a dream car or a club membership. CIMB StarSaver is a smart and disciplined way to save. Put some money aside each month and you’ll be surprised just how quickly you can reach your goals.

Features
-Minimum deposit S$5,000.
-Enjoy excellent interest rates*

CIMB StarSaver Interest Rate:
Month-end incremental deposit | Interest Rate
S$500 or more = 1.0%** p.a.
Less than S$500 = 0.5% p.a.

-Interest accrued daily and compounded monthly.
-No restriction on withdrawals.
-Free cheque books.
-Monthly statements.

How to top up your month-end balance.
-You choose the top-up method
You can top up the month-end balance in your account easily - through hassle-free Interbank GIRO, mail-in cheque or deposit at our branch.
-You choose how regularly you want to top-up
You can either make regular monthly deposits of S$500 or more, or make periodic lump sum deposits to enjoy the 1.0% p.a. maximum interest.

CIMB will automatically convert your lump sum deposits into equal portions of S$500 a month so that you enjoy the 1.0% p.a.1 maximum interest on your entire savings balance over the months ahead.

Maximum latitude
If you wish, you can also choose to deposit all your extra cash with us or even make CIMB StarSaver your main banking account. Afterall, CIMB StarSaver is all about flexibility so you can save towards a rewards and make saving a habit you’ll love.

Deposit accounts held by individuals and charities are insured by the Singapore Deposit Insurance Corporation for up to such amounts as may be required under, and subject to the Deposit Insurance Act 2005 (Act 31 of 2005)

*Daily interest will be paid on the entire daily balance, provided that the balance is at least S$5,000 on any given day.
**Applies to balances up to S$750,000. For remaining balances above S$750,000, the base interest rate of 0.5% p.a. will apply.


Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best selected Singapore savings account rates.

The Team
Singapore Savings Account Rates.