Advertisement
Anonymous
2
Discussion (2)
Learn how to style your text
Chin Guo Qiang (ITIL4 / CSPO / CSM)
09 Oct 2022
Assistant Vice President, IT Operations at Bank of China Limited
Reply
Save
Albert Tan
19 Sep 2022
Financial Literacy & Solutions at MoneyOwl
Hi Anon,
You may wish to check out the MoneyOwl WiseSaver https://www.moneyowl.com.sg/wisesaver/. The underlying instruments are SGD fixed deposits and cash. It is akin to you getting multiple fixed deposits from various banks but without the lock-in periods. The current moving 5 day average yield is about 2.49%.
Joint accounts can be created and both of you can fund the account via a recurring monthly standing instruction from your personal bank accounts.
Withdrawals have a T+2 lag due to the nature of unit trusts, but there is no lock-in period. This should be fine as you only intend to save.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
Check with your fiancée which banking platform is common for the both of you, use that platform as the primary one.
For example, mine was OCBC and it makes good sense that we both can see the joint account balance in real-time, from within the same iBanking app as well. Plus point is funds transfer will be easier and more convenient to check with the bank as well.
So do talk with your fiancée proper on this part.