If you have SGD150k which is planned to be used for downpayment of a house in 1-2 year's time, where will you park these fund in the meantime?

Consider dollar cost averaging monthly into selected blue chip stocks or safer bets on ETFs. These strategies worked for me

What's your desired annual investment/Savings?

Let's name it "$" and put it into equities for many years to come

150k - "$" should then be placed into high savings account mentioned by others

Assuming you already had your personal finance planned before this.

Cash management account can be the liquid and potential option.

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If your timeline is 2years and you are all about conservative, CIMB offers fixed deposit of 0.75% P.A = $2250 interest at the end of 2 years. Not very impressive but better than nothing.

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I personally prefer to allocate 80% to a safe asset such as Fixed D, SSB and Cash mgmt acc and the other 20% to take a little more risk for the 2 years. If you are earning and saving continually for the next 2 years, you should be able to stomach the fluctuation of the 20%.

I would park it in a robo-adviser