Anonymous

26 Apr 2022

∙

General Investing

If I want to grow my money within DBS/POSB services for a tenure of 4 years for a non-Singaporean here in Singapore, which is the best option for me?

I have used POSB SAYE before, saving 1K a month for two years. Now I have taken the bonus interest and now have the lump sum. Where can I take this money and the 1k a month that I want to continue saving if I want to use the DBS/POSB services only? I'm not expert on this kinds matter that's why I don't want to complicate it using other banks or services. I just really want to grow my money being a foreigner here in Singapore.

Is it good to just return to the POSB SAYE for another two years or are there other better option for me? I read that the SAYE account is best for someone who needs to start somewhere but now that I have something, what can I use? Is the DBS Fixed deposit any good? How is it compared to SAYE?

Thanks

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