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Cash management account

Isit better to keep my money inside OCBC bank or should i transfer portion of it into cash management account? if so, which is better?

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Zhiliang

08 Jun 2022

Founder at Made By Underscore

I personally keep them in both. For a normal bank account (I use DBS), I use it for my daily spending and some part of my emergency savings. I keep the remaining of cash in cash management accounts like Singlife, DashPET to maximise the $10k interest. The important thing for a cash management account is to ensure that that cash is not for immediate use as some of the products don't offer same-day withdrawal.

I think you can do better with other choices instead of the bank. If you insist, then you can transfer some to cash management.

If you're interested in investing some gold, can check out Hugosave. they have a gold vault where yo...

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