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Savings for beginners
I've only lived in Singapore for a little over a year and I'm still quite unfamiliar with things here, so I wanted to ask advice from the seedly community regarding where to put a part of my savings for optimal returns.
I don't have much savings yet so I think my options are limited, so I'd like to ask for options that don't have a maintaining balance.
Thanks in advance.
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Depends on how safe you want it to be.
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Karen
05 Jan 2025
Sharing Referrals at https://t.me/SgRefs
Consider GXS as your savings account - relatively good interest rate.
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Kenneth Chan
03 Jan 2025
Wealth Manager at Phillip Capital
Look for one without minimum amount and ease of withdrawal, the rates should be between 2 to 4% at this point. Also consider to set aside at least 3 - 6 months of the money for emergency funds first.
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Or how about Singlife (https://singlife.com/en/promotions/singlife-acc...) - 3% p.a...
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I think you can try looking at digital banks in Singpapore, namely GXS, Mari Bank, snd trust bank savings account. They are MAS regulated an SDIC insured.
#Not proper financial advice.