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Anonymous
Thoughts on putting emergency savings into Syfe Cash+ since it's not capital guaranteed?
Would you put your emergency savings in Syfe Cash+?
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Zac
03 Apr 2021
Noob at Idiots Invest
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Hi Anon,
You can consider singlife or followed by ocbc360/dbs multiplier if you meet the salary bonus/extra interest criteria instead. You will not want to risk your emergency funds. All the best :)
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thefrugalstudent
03 Apr 2021
Founder at thefrugalstudent.com
Hi Anon,
I wouldn't recommend it. As you've said, cash management accounts like Syfe Cash+ are not ...
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No harm done leaving it in a bank account. Emergency money is cash that you want readily accessible. Withdrawal from bank account can be instantaneous, compared to a few working days for cash management solutions (since they're typically invested in underlying funds and it takes time to execute sell orders).