facebookI'm a student trying to save 1k per month, any suggestions on where to save the money at to save more money? - Seedly

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Anonymous

20 Jan 2021

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I'm a student trying to save 1k per month, any suggestions on where to save the money at to save more money?

Is there a liquidity way of saving more cause I thought of putting in fixed saving?

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thefrugalstudent

20 Jan 2021

Founder at thefrugalstudent.com

Hi Anon,

To add on to what Chris has mentioned, do note that it is currently not possible to open a new Singlife account as they have closed account openings - you will be put on a waiting list.

If you want to open an account immediately, you can consider Dash EasyEarn or GIGANTIQ. They currently both offer 1.8% interest p.a. for the 1st year.

Dash EasyEarn guarantees 1.5% interest while GIGANTIQ only guarantees 1% interest. However, GIGANTIQ only requires a balance of $50 while EasyEarn requires $2000. Visit their site for more info: https://www.tiq.com.sg/faqs/gigantiq/#faqContent

Hope this helps!

Regards,

thefrugalstudent

Chris

20 Jan 2021

Owner and Writer at Tortoisemoney.com

I think the recent insurance style savings plans are good for your purpose. These include Singlife, ...

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