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Alcander Seow

Environmental Engineer Minor in Business at Nanyang Technological University

15 Oct 2024

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Ways to make one's money work harder for a Uni Student with no fixed work commitment/income

Hi, I'm currently a Year 02 Uni Student. I only work or attend Part-time or internships during my holiday period (3-mth) while I focus on my studies during school term. I'm looking for ways to make my money work harder so that I can pay off my tuition fees upon graduation.

I have places all my bursaries in the SC Jumpstart to accumulate the high interest rate. I have also applied for a 3year single premium endownment plan that generate 3.12% P.A. using part of my buasaries.

Is there any other ways to make my money work harder while ensuring the capital is safeguard (low risk, captial guarantee).

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Debbie

24 Oct 2024

Hello, for low risk investments, i would recommend SSB or tbills. There are other safer investment options for you to consider too. Otherwise, you can also look into robo-advisors such as Syfe or Stashaway. They also have some cash guaranteed plans that you can consider. the rates are better now as compared to tbills

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Financelearner

24 Oct 2024

You can consider Singlife or doing part-time intern/job during school term.

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