facebookPlanning to save some money for buying a house in 1 year time. Should I be putting the money into Syfe Cash+ or keep in a savings account? - Seedly

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Anonymous

06 Sep 2021

Robo-Advisors

Planning to save some money for buying a house in 1 year time. Should I be putting the money into Syfe Cash+ or keep in a savings account?

Syfe Cash+ or keep in a savings account?

Discussion (5)

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Darren

10 Sep 2021

Mechatronics Engineering at Nanyang Technological University

You can consider singlife.

Syfe Cash+ is not capital guaranteed and there is a chance you'll lose money since you technically bear the investment risk yourself.

With such a short time horizon, I would suggest you to go for safer savings options with decent returns.

Hi, I would suggest Syfe Cash+. Even if the real returns of cash+ falls below their projections, it will probably still be higher than bank rates.

I would suggest Singlife or simple endowment plan like Etiqa ELASTIQ. Both have rather Low interest ...

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