Advertisement
Anonymous
Which would be a better option for depositing $5000 which will be used in 2 years time? Currently have 10k in singlife
1
Discussion (1)
Learn how to style your text
thefrugalstudent
18 Jul 2021
Founder at thefrugalstudent.com
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
4.6
934 Reviews
Syfe
ETFs, Equities, Bonds, REITs, Gold
INSTRUMENTS
0.4% to 0.65%
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
N/A
EXPECTED ANNUAL RETURN
Web and Mobile App
PLATFORMS
4.7
408 Reviews
4.7
1296 Reviews
Related Posts
Advertisement
Hi Anon,
I'd say it depends on what interest you're getting with Dash PET and what your preference is.
I believe Dash PET started out with 1.7% locked in for a year but later got reduced to 1.3% which it is currently at. If you managed to lock in the rate of 1.7%, I'll definitely use that instead because it's safer and probably higher returns than Cash+.
But if you got 1.3%, then I'd say there's not much difference in terms of returns. Risk wise, I think Dash PET is safer because it's not an investment, unlike Cash+ which is basically money market investments. Of course Cash+ gives you a chance for higher returns, but there's also a chance for lower returns.
With that said, I'd pick Dash PET over Cash+.
Hope this helps!
Regards,
thefrugalstudent