I'm in my 30s, so after setting aside emergency funds, I have an excess of 20k. How can I maximize 20k?

Hey there.

If you are considering high-interest savings accounts, CIMB has recently announced today that they will be revising their interest rate for FastSaver. You might want to take a look here.

Other alternative choices that do not require spending/minimum sum include:

Singlife Account (2.5% p.a, capaital guaranteed, interest non guaranteed)

FSM Auto-Sweep Account (1.05%p.a, interest rates may be revised)

Stashaway Simple (1.9%, capital non guaranteed, interest non guaranteed)

SCB JumpStart (1%p.a, only for aged 18-26)

Crypto Earn (Depending on currency, as high as 16%p.a (CRO) without any prior staking. However, do take note of the volatility of cryptocurrencies. For higher interest rates, a fixed duration of 90 days is imposed before withdrawal can be made. Intetest is paid out every 7 days)

Crypto Exchange (20%p.a for CRO currency. Similar to Crypto Earn, just that fixed duration is set at 180 days. Interest is paid out daily)

Vivid Account (1.05% p.a for first 10k, 1.30% for 10k-20k)

Tiq 3 Year Endowment Plan (2.10%p.a, guaranteed)

If you haven't already, open a Singlife account and put 10k inside for that 2.5% interest rate (altho not guaranteed). Then, consider Etiqa Elastiq for the 1.8% guaranteed interest rate with the remaining 10k.

If you already have the above, an alternative is to put your monies in a money market fund. They invest in short-term debt securities that are relatively less risky and more liquid. You can consider Stashaway Simple (1.9% not guaranteed).

https://singlife.com/manage/
https://www.tiq.com.sg/product/universal-life-i...
https://www.stashaway.sg/simple