Looking to short-term interest savings options! Story below

I'm getting my resale flat keys in 2 weeks' time, in early Dec 2022.

I withdrew my savings in Singtel Dash EasyEarn and Dash Pet, as I was hoping to pay a significant amount to shave off mortgage interest %. However, I only found out that I could only do this mortgage capital payment from Feb 2023 onwards at HDB.

So, I have extra cash in my DBS Multiplier right now that's not even qualifying for the multiplier rates as it's past the maximum sum ... am wondering if anyone has recommendations on where I could put my extra cash for some interest during this short period til Feb 2023.

Much thankies!

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Jyp Ng

07 Jan 2024

Banks do offer good rates for FD. Good to check them out.

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JeffLoh

01 Dec 2022

SSB, T-bills. Usually these are low risky investment and low return too.

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Niger's Tidebringer

Edited 01 Dec 2022

You can consider fullerton sgd cash fund or csop usd money market funds. Highly liquid can redeem your funds when you need it. give about 3% p.a returns. Or trust bank is decent as well 2% (2.5% for union) for 5 transactions (no min amt of spending, transport counts as spend too!)

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Choon Yuan Chan

30 Nov 2022

Singapore T bills

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Richard

29 Nov 2022

take care of oneself at the rest will be taken care

Rent out a room if you have spare room...

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