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Alcander Seow

Environmental Engineer Minor in Business at Nanyang Technological University

31 Dec 2020

∙

What are some deposit accounts or risk-free accounts that I can just leave my money in?

I'm currently looking at some deposit accounts or saving plan with a short-mid tenure to places my funds in. I have a $1000 savings in my Jumpstart acc, willing to put $500 into a fixed deposit or savings plans of higher interests & risk-free if possible. Any suggestions?

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1M45

31 Dec 2020

Choice 1: low entry, easy money

Create SAYE account. Credit $3000 into it monthly guaranteed 2% for 2 year only. You want to deposit at max, because, you can only do it once. Cannot touch for 2yr, (you can withdraw, but interest base on the amount inside)

https://www.posb.com.sg/personal/deposits/savin...

Choice 2: For 1st $100k

Multiplier account

3 transactions min.

Apply a credit card.
credit your salary
get an endownment plan from them, if you want.
if you got mortgage with them also
invest with them

i get 1.4 - 1.6% without any plan and investment with them.

https://www.dbs.com.sg/iwov-resources/pdf/depos...

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Hi, for the risk-free rate in the CAPM formula. Should i use the market yield or the coupon rate of the 10 -year bond as the risk free rate ?

Are there advantages in having a fixed deposit account and a savings account? Why do some people put money into a FD account, instead of say, putting everything into a savings account (e.g. DBS Multiplier)?

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