Round-up: Places to Put Savings For Higher Yields

The end of February is upon us and with that ends a few fantastic savings deals that you should grab before it is too late!

Bonus$aver: S$368 cashback + 4.88% p.a. interest

Good for: S$50,000 to S$100,000
Period: 1-2 months (or more)
Deadline to apply: 29th February 2024 30th April 2024
Yield: around bonus 6% (based on S$50,000) + 4.88% p.a. (up to S$100,000)

Bonus$aver promo is coming to an end on 29th February 2024 so there are only mere days left to grab this promo. At the S$50,000 tier, I am not sure there are any other places that can get you more interest and rewards. Based on my calculation, getting $268 or $368 is about 6 to 8% p.a. yield for putting S$50,000 for around a month. Update: new Bonus$aver promo ending 30th April 2024 now offers $188 cashback for S$50,000 deposit and S$100 for salary credit; subscribe for more updates

Don’t forget also that you can get 4.88% p.a. pretty easily with the account so I am still using the account even after fulfilling the holding period for an older promo.

That’s a lot of returns for your funds and possibly the best place you can put S$50,000 in now, so check out details below:

Webull: S$2,500 + S$3,000 rewards!

Good for: S$2,000 or S$100,000
Period: 1 month to 1 year
Deadline to apply: 29th February 2024 (before 4PM)
Yield: bonus 2.5% p.a. for S$100,000 tier or 68% p.a. for S$2,000 tier (yeap, getting S$100 on a S$2,000 deposit for around a month is very, very good returns)

There are also only days left for Webull’s February 2024 promo: get as much as S$2,500 of Tesla shares when you fund at least S$100,000 and maintain the deposit for a year. That’s like 2.5% p.a. bonus return to whatever you wish to do with the funds in the account. New Webull promo for March 2025: get minimum US$50 for signing up and funding US$500, and up to US$5,000 for Moneybull subscription

You could buy shares, ETFs, or even place it in the relatively low risk Moneybull for pretty stable returns. The current 7-day yield of the SGD fund is 3.74% p.a. (as of 26th February 2024), and this will be on top of the sign-up rewards!

There’s also a promo for transferring in your shares and it’s as much as S$3,000.


Until 3.59PM 30th April 2024

13 days 14 hours 42 minutes 44 seconds left to grab this offer!

 Register and open account with this link 0 commission trades for US Stocks and ETFs for 31 days
0 subscription fees for mutual funds
Welcome PromoFund at least US$500 and complete 1 buy trade5 free shares worth US$10 to US$500 each

🔥 Bonus 2 more shares for using my link
Welcome Promo ADeposit US$2,000, complete 5 buy trades and maintain until 31st May 2024


Subscribe at least US$2,000 to Moneybull and maintain until 31st May 2024
15 free shares worth US$10 to US$500 each
Or Welcome Promo BDeposit US$100,000, complete 10 buy trades and maintain until 31st July 2024


Subscribe at least US$100,000 to Moneybull and maintain until 31st July 2024
Get US$2,950 worth of free shares
Transfer-in PromoParticipate in Transfer-in Promo and fill out Share Transfer Form

a) First transfer of US$5,000 of shares and maintain for 1 year

b) First transfer of US$25,000 of shares and maintain for 1 year

c) First transfer of US$100,000 of shares and maintain for 1 year
a) US$150 transfer subsidy + US$1,000 shares

b) US$150 transfer subsidy + US$3,000 shares

c) US$450 transfer subsidy + US$10,000 shares

Exclusive bonus: 3-month commission-free US stocks trading
You can fund the equivalent in Singapore dollars using the rate SGD$ = US$0.7297

Get 0 platform fee, and trade fractional shares from as low as US$5 per trade. Great for dollar-cost averaging small amounts!

*T&Cs apply. Principal is not guaranteed. Returns are not guaranteed and not an indication of future performance. All investments involve risks and are not suitable for every investor. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Terms and conditions:

Last updated: 5th April 2024

moomoo: guaranteed 6.8% p.a. + free shares

Good for: up to S$60,000
Period: 1 month
Deadline to apply: 1st April 2024 (before 10PM)
Yield: 6.8% p.a.

For up to S$60,000, moomoo will guarantee a return of 6.8% p.a. for up to 1 month. Deposit certain amounts and complete a few easy requirements and you can also get free shares! Check the deal out below:

Citigold: 3.6% p.a. + S$538 gifts

Good for: at least S$250,000
Period: until end of March 2024
Deadline to apply: 29th February 2024
Yield: 3.6% p.a. + ~0.85% p.a. (from S$538 on S$250,000 for 3 months)

Citibank is offering a promotional 3.6% p.a. for 3-month time deposits… as long as you start a Citigold relationship and deposit S$250,000. Those who have funds to qualify for Citibank’s priority banking tier will also get up to S$538 of rewards with easy conditions:

HSBC EGA: 4.6% p.a.

Good for: up to S$360,000
Period: until end of March 2024
Deadline to apply: 29th February 2024
Yield: 4.6% p.a. (3.6% p.a. for amounts above S$360,000)

You can get up to 4.6% p.a. with HSBC EGA on fresh funds compared to your January 2024 balance. There are a few parts to it, so read on to find out more:

UOB Savings Promo Q1: up to extra S$558 + UOB One’s 5% p.a. interest

Good for: S$100,000 (S$20,000 or S$50,000 is still decent)
Period: around 3.5 months
Deadline to apply: 30th March 2024
Yield: bonus 1.33% to 1.94% p.a. + up to 5% p.a.

UOB’s savings promos have been a highlight over the past year, and it continues to be quite competitive this year. It does pale considerably to StanChart’s Bonus$aver offer for January and February, but at least you can still sign up for this in March.

Remember though that UOB’s Q2 promo (if it happens) would probably use 31st March 2024 as the day of reference as the bank has been doing for the past few quarters. Stay subscribed for updates.

e$aver: fuss-free 3.6% p.a. on fresh funds

Good for: up to S$2,000,000 fresh funds
Period: until 31st March 2024
Yield: 3.6% p.a.

Want something really fuss-free? Get StanChart e$aver for 3.6% p.a. interest until 31st March 2024. It isn’t fantastic, especially compared to the other items on this list, but considering the almost complete lack of requirements we can’t expect too much.

The only catch is that they need to be fresh funds compared to your January 2024 balance. So if you are a new StanChart customer or have S$0 in your bank account in January, every dollar you put into this account will get 3.6% p.a. (Until $2,000,000 that is… poor rich people.)

I think it’s a good place for leftover funds after taking advantage of the savings promos above.

More promos?

Did I miss anything? Let us know in the comments or Telegram. Remember to stay subscribed for more updates and great deals! 2024 has started off pretty strong so far and I’m hoping for more banks and companies to fight for our deposits.

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