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4 Amazing Ways To Use Social Media To Save Cash

Bring your social media craze to your advantage by exposing yourself to its opportunities. “Liking” the Facebook page of your favorite airlines is just one way to save cash when you shop. Other than that, here are 4 Amazing Ways To Use Social Media To Save Cash…

1. GET FREE PRINTOUTS AND TUTORIALS

You do not need to spend S$5 for a decent looking greeting card, all you have to do is to browse through the free printouts available on Pinterest – a global photo sharing website. Users such as Mique Provost 30daysblog and Amber Price: Crazy Little Projects Amber Price: Crazy Little Projects can give you simple Do-It-Yourself ideas such as a Photo Paper Flower Bouquet Printable and a Free Printable: Inspirational Quotes.

For your make-up needs, Youtube sensation Michelle Phan freely offers low-cost product recommendations and Do-It-Yourself cosmetics in her Pinterest account.

Image Credits: michellephan.com/diy-lip-balm

2. SELL YOUR STUFF

Social media, defined as websites or applications that enable the users to share content and to network, allows daily access of many consumers…all over the world. With this knowledge, you can supplement your Ad with a social media post.

For example, you may clean up the clutter in your closet and find the things that you deem to be unused or underused and sell them to your friends and family through Facebook or Instagram. Alternatively, you can turn your hobbies (e.g., baking cupcakes or making jewelries) into your home-based business.

3. SAVE ON PHONE BILLS

Save money and time by taking your customer complaints or issues on Twitter or Facebook. This will prevent the countless hours on the helpline only to be transferred to different departments. If the matter is more personal, you may message them directly without posting on their timeline.

4. FOLLOW THE SHOPS OR COMPANIES YOU PATRONIZE

You signed up to your favorite shop’s website mailing list but, do you check your inbox regularly? If not then, you might have missed out on some special deals. To prevent this, you can follow the shops or companies you like such as Forever 21 Singapore or Kinokoniya Bookstore Singapore. Retailers often put coupon or discount codes online so, stay social!

If you want to follow a single timeline that will deliver great deals, tips, and guides relating to money then, follow Money Digest on Facebook today. 🙂

Most Profitable Savings Accounts In Singapore To Date

Savings Account is an account managed by the bank, which provides principal security and a moderate interest rate. This account lets the client set aside a portion of his or her liquid assets while earning a monetary return. Personally, I value this financial tool because it serves as an accessible shield to cover the immediate expenses with its facilities such as Internet banking and online transactions.

In Singapore, savings accounts predominately require a minimum amount of deposit. The amount ranges from S$0-1000. To get most of the benefits of your savings account some encourage you to transact more while others encourage you to withdraw less. That being said, here are the Most Profitable Savings Accounts In Singapore To Date as they offer the highest interest rates…

4. CIMB STARSAVER SAVINGS ACCOUNT

CIMB StarSaver Savings Account requires a minimum deposit of S$1,000 with S$0 maintaining balance. With this savings account you can get up to 0.8% of interest per year as long as you deposit at least S$100 more to your account every month. On the other hand, you will get an interest of 0.5% per year for balance under S$100. There is more! Funds transfer to CIMB Malaysia is free. Also, there are no withdrawal fees from CIMB Group ATMs across ASEAN countries.

But wait, there is still more…sign-up for CIMB StarSaver Savings Account from now until June 30, 2015 online to be rewarded with S$20 worth of shopping vouchers. Apply here.

3. MAYBANK ISAVVY SAVINGS PLUS ACCOUNT

For people who are very diligent and disciplined savers, Maybank iSAVvy Savings Plus Account is the perfect partner for you. With this savings account, you will not only earn an interest of 0.38% a year but you will also be rewarded with additional interest with every dollar you save. You see, an additional interest rate of 1.56% per year will be rewarded as long as the average daily balance increases every month. The base interest rate, depending on how much money you have, ranges from 0.19% and 0.38% per year. That is not all! Being a super saver with a minimum account balance of S$100,000 will get you a free insurance coverage.

All you have to do is to deposit a minimum amount of S$500 and apply here.

2. DBS MULTIPLIER PROGRAMME

In contrast of Maybank’s iSavvy, DBS Multiplier Programme rewards you for regularly using your account. The more you use your account for transactions, the higher interest you shall receive. Specifically, if you’re banking transactions adds up to S$7,500 a month then, you are eligible for an interest up to 2.08%. It offers a starting rate of 1.08% per annum. Enjoy the flexibility to withdraw and deposit anytime, as there is no lock-in period.

With a minimum balance of S$3,000, you can apply here.

1. OCBC HIGHER-INTEREST DEPOSIT ACCOUNT- BONUS PLUS

As the name suggests, OCBC Higher-Interest Deposit Account – Bonus Plus offers its clients the higher interest rates for up to 2.35% a year. But, there are conditions attached to it. First, the initial deposit required is a fresh fund of S$10,000 with a minimum balance of S$3,000 every month. Second, you will earn higher interest rates if you do not make any withdrawals every month or every quarter. Here is a detailed illustration of how the system works:

Image Credits: www.ocbc.com.sg

Nonetheless, they offer secure online banking or mobile banking, and no lock-in period for your transactions. Apply here.

Sources: Investopedia and iMoney

As you park your money inside the bank, consider the savings account that suits your lifestyle and needs. 🙂

Best bank accounts in Singapore

Hey folks, it’s time to wake your money up!

If you have come to this page looking for the best bank accounts in Singapore that offers the highest interest rate, look no further.

In a low interest rate environment, everyone should aim to put their savings where their money works the hardest. No doubt it cannot beat inflation, but beside being risk-free, it beats putting your money in a biscuit tin or an account that offers a paltry 0.01%.

There are 8 saving and current accounts that make it to the list. Let’s see how they match up.

1. OCBC 360 Account

One of the most popular choice among Singaporean would be the OCBC 360 Account as it offers up to 3.05% interest on your saving account.

There is a base interest of 0.05% and an additional of 3% if you fulfil 3 requirements every month: crediting your salary to the account, pay any 3 bills and spend at least $400 on OCBC credit cards.

2. Citibank InterestPlus Account

For individuals who are planning to insure and invest can look at Citibank’s InterestPlus Savings account. You can get up to 2.5% bonus interest if you meet the following criteria:

1. Insure yourself with a monthly premium of $250 for 12months or a single premium of $25,000

2. Spend $25 on Citibank Credit Card

3. Invest $250 monthly for 12 months in a Regular Saving Plan or set away $25,000 in Unit Trusts.

3. DBS Multiplier Account

Our local bank DBS has introduced a multiplier account that rewards up to 2.08% interest. This is a multi tier programme where you get higher interest after meeting the minimum required amount for regular banking. Regular banking refers to crediting your salary, shopping with their debit and credit cards, monthly installments of home loans and crediting your investment dividends from your CDP account.

For the different tiers, refer to the screengrab.

4. Standard Chartered Bonus$aver Account

With Bonus$aver account, you can get interest of 1.88% p.a when you charge $500 a month to your Bonus$aver Credit/Debit card. For those who spend at least $500 a month can consider charging them to these cards to enjoy the interest rate. Take note that the interest is only on savings up to $25,000. Any amount more than $25,000 will get 0.1% interest – the same rate applies if you cannot meet the $500 a month spending.

5. Standard Chartered e$aver Account

Currently with a limited time promotion until 31 January 2015, you are eligible for an interest rate of up to 1.35%, subject to terms and condition.

Bonus interest is awarded on the incremental average daily balance from October’s average daily balance.

6. Maybank iSAVvy Savings Account

Maybank has a similar promotion as SCB and you can get up to 1.3% interest.

For Maybank, there is a min deposit of $5,000 for incremental average daily balance to be eligible for the bonus interest rate.

7. CIMB StarSaver Accounts

CIMB offers an attractive 0.8% interest rate on their saving accounts. Min deposit is $1,000 and to be eligible for 0.8%, you just need to deposit at least $100/month. If not you will be entitled to 0.5% interest rate – not too bad.

8. ANZ Progress Saver Account

ANZ Progress Saver Account is the next on list. Customers can enjoy up to 0.70% interest rate.

Minimum initial deposit is $5,000 and to be eligible for the bonus interest, just deposit at least $500 a month.