Vernice Ng

Community Manager at Seedly

23 Aug 2023

∙

General Investing

Syfe just launched their "Cash+ Guaranteed" product, which they tout to have "minimal" SDIC insurance, compared to "No" insurance on their existing "Cash+ Flexi" product.

Is the new product a better option to park cash, or is sticking with Fixed Deposits still decent enough, despite the lower interest rates?

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Discussion (6)

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Francis

01 Sep 2023

Seems similar to Tbills and rate is abou the same. Might be better to stick with Tbills.

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峻豪

23 Aug 2023

Might well stick with the likes of T bills and CIMB Fastsaver kinda

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Nigel

23 Aug 2023

What is their definition of minimal ?...

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For individuals with pre-existing conditions, should we hold more cash (compared to investment) for out-of-pocket medical expenses in view of exclusions in insurance policies?

Is my capital in Syfe Cash+ guaranteed? How is the performance of Syfe Cash+ so far?

How does the Lady 360 Term Life Insurance compare with other insurance products for ladies?

Is Singlife account really 100% capital guaranteed under SDIC for every dollar up to $100,000? No mention of "guaranteed surrender value" in their product summary, policy schedule or website?

CPF Investment Scheme Does the investment products approved/endorsed by CPF Board classify as better Investment product and less risk? What are the advantages as compared to using cash ?