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Anonymous

Edited 06 Aug 2021

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Singtel Dash PET vs Singlife vs Cash Management Account

Have idle 10k (part of emergency funds) to park into somewhere just to gain interest over time, not looking to touch it in the coming years. With the readjusted rates, would appreciate some thoughts/personal experiences with these platforms!

Singlife Account Singtel Dash PET 2

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thefrugalstudent

06 Aug 2021

Founder at thefrugalstudent.com

Hi Anon,

Cash management: highest potential returns, but returns and capital not guaranteed. Cash withdrawal takes a few days.

Dash PET/Singlife: Dash PET has higher returns on first $10k, mostly guaranteed for 1st year. Capital guaranteed for both. Cash withdrawal takes a few minutes with $0.50 fee for Dash PET and free for Singlife.

I'd say for the first year, use dash PET. After that, if no new players enter the scene, move to cash management accounts.

Hope this helps!

Regards,
thefrugalstudent

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