Anonymous

05 Jan 2021

∙

I have around 20k of Emergency Fund. Would you advise to put 10k in SingLife and other 10k Elastiq or 20k all in SingLife?

Elastiq Singlife Account

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Benedict Lau

30 Sep 2020

Student Ambassador 20/21 at Seedly

Hello!

If you do not need all $20k in the near future (at least next 3 months), it would be good to put it in Elastiq and Singlife half and half to maximise interest earned.

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Daniel Kok

11 Sep 2020

Hope I'm not too late! But would suggest 10k in singlife (2.5%) and 10k in Singtel dash (2%) :)

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Tinexxxx

01 Sep 2020

I would recommend 10k in each!!!

Singlife 2.5% p.a
Elastiq 1.8% p.a...

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Related Posts

Hi! I am 23 y/o with $20k to spare. Would you recommend to put $10k in Singlife (2.5% pa) and another $10k in Great Eastern Great SP (2 years tenure, 1.8% returns pa)?

I have a Singlife account (maxed at 10K) and Singtel Dash (maxed at 20K). Where else can I put my money (~30-50K) if I need it in a year? Robo Advisors or Elastiq?

I have around 50k emergency funds and are currently putting them in Singlife and Singtel dash. But they are reducing the rates and it’s not attractive anymore. Is there any low risk alternatives?

Which is the best bank account and credit card for self employed that doesn't have monthly credited salary (Will put about 10k of emergency funds in it) ?

For emergency funds, what would be the best savings accounts to keep them in? is it enough if I put this in a DBS multiplier account?