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Anonymous

09 Dec 2020

∙

Are cash management accounts a good alternative to savings accounts taking into account the fees they charge as well?

Read the Seedly blog article (which was very useful btw - https://blog.seedly.sg/cash-management-accounts...) but I realised there are fees involved for cash management accounts... Is it still worth shifting over?

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Rick

09 Dec 2020

I have been maximizing all insurance saving accounts available from Singlife, Elastiq ( Back then when the product was still available and still the best by now).

Maybe then i will sign up Easy Dashearn or Gigantiq.

The biggest underline is cash management is not capital guaranteed though the risk is very low (knock the wood if you need cash and suddenly the value drops).

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Kok Hong

05 Dec 2020

Yes definitely better than banks

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Jonathan Chia Guangrong

04 Dec 2020

SOC at Local FI

I would layer my cash into such cash management accounts after maximising the highest interest rate ...

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