facebookDBS SAYE account deposit - Seedly

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HithereImnew

07 Oct 2021

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Saving Hacks

DBS SAYE account deposit

My 24th month is coming up in Feb 2022. So far I've accumulated slightly more than $10k. Will increasing my monthly deposit for the last 5 months ( Oct 2021 - Feb 2022) affect the 2% cash bonus? I can deposit up to $40k by Feb ( so 8k/month for 5 months). Should I do that just for the 2%? How much difference would that make compared to continuing with my current $800 deposit? ( another $4k by Feb 2022)

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Sorry, I'm really new to this investing thing. I only heard of SAYE through my ns bunkmates. Any advice is appreciated, even better ways to invest. Currently in uni and would like to make the most of my time now to save/grow (? sry idk a better term) my money.

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Any help is appreciated thanks!

Discussion (2)

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Why not use those $ and start to invest on something simple like S&P500 index.

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