facebookThoughts on putting emergency savings into Syfe Cash+ since it's not capital guaranteed? - Seedly

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Anonymous

03 Apr 2021

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Saving Hacks

Thoughts on putting emergency savings into Syfe Cash+ since it's not capital guaranteed?

Would you put your emergency savings in Syfe Cash+?

Discussion (5)

What are your thoughts?

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Zac

03 Apr 2021

Noob at Idiots Invest

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).

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 :)

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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