facebookEffective 1st Jan 2021, the DBS Multiplier Account and Standard Chartered Jumpstart Account will be reducing its deposit rates. What are other alternatives that you are looking at right now? - Seedly

Advertisement

Anonymous

07 Dec 2020

Saving Hacks

Effective 1st Jan 2021, the DBS Multiplier Account and Standard Chartered Jumpstart Account will be reducing its deposit rates. What are other alternatives that you are looking at right now?

I feel that with the reduced deposit rates for DBS Multiplier Account and Standard Chartered Jumpstart Account, it's time to start considering your alternatives while I still have the chance to earn 2% p.a. rates.

Discussion (2)

What are your thoughts?

Learn how to style your text

Yu Qi Tan

07 Dec 2020

Student Ambassador 21/22 at Seedly

I think singlife would be one of them to look out for. Then there would be roboadvisors too hmm. But personally i think the low interest rates makes the opportunity cost of not investing even bigger. Personally i would deploy more cash into stocks/companies that i have conviction in. If not, dollar cost averaging on ETFs that track the S&P 500 would be something that i’ll look out for as well. The etfs with low expense ratio, such as VOO. Hope it helps!

Please do carry out your own due diligence before doing anything! This is just my opinion and not a recommendation to do anything!

View 1 replies

Write your thoughts

Advertisement