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Citibank Step-up versus POSBsavings

It is good that offthebeatentrack has posted this little comparision between POSB savings and Citibank Step-up interest account.

Currently I have the Citibank step up interest account and it does seem a little complex. I got it because I signed up for 2 of their credit cards and I’d thought an account with them would be convenient. But after applying for it, I don’t really think so.

For one, it is overly complex and there’s a minimum balance of $2000 to be maintained there. By the comparision in the linked article, I have an urging to make the switch.

Besides given the global crunch and the need for stable savings, every sub-percentage point counts right?


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