Any recommendation on where is the best to park my savings and emergency funds? Want to max the interest I can earn. Any suggestions?

Hello!

Here are some accounts you could look at and consider:

-RHB (1.05%pa)

-Standchart Jumpstart (1%pa, if you are 26 years old and below)

-Singlife (2.5%pa. do note that this is actually an insurance savings plan)

You should definitely consider Elastiq as well.

1) Policy Protected by SDIC

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC).

2) Guaranteed return

There is a guaranteed return of 1.8% p.a. for the first 3 years. This is quite competitive in this climate of low-interest rates.

3) Flexible Withdrawal

There is only a 90 days lock-in period. You can withdraw anytime after the 90 days lock-in period without penalty. This is good for an emergency fund, where you might need the money in a short moment notice.

This article by The Kiam Siap Life provides a good analysis of the pros and cons of ELASTIQ.

.Do check out our website for Elastiq if you are are interested to find out more.​​​