I would like to start a small saving fund. Purpose of fund is not confirmed eg overseas relocation, buying a flat locally or even renting. How should I go about this?

If i was going to start a small saving fund for something that I would like to use in the near future (3-5 years), I would find a high-yielding savings account (OCBC 360 or UOB one). After saving a decent amount, can put into a FD of your choice or even subscribe to t-bills or SSB. Of course taking into account when you would need the money

Hi there! One thing you need to think about it how liquid you want your funds to be, and when you want to be able to use these funds.

Also, di you already have some savings saved up for rainy days? If you don't have around 6 months worth of spare cash (based on your expenses), then you should start with that.

Perhaps CIMB Fastsaver (1% int.) would be the most simple one.

Alternatively you could go for DBS Multiplier or OCBC 360 savings, but these require salary crediting.

You could also look into SSB.

If you are investing for long term, and do not need the cash immediately, then go for STI ETFs, or REITs! These usually yield higher returns, but at a higher risk! Educate yourself before investing!

Hope that helps!