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Anonymous
What are some good high yield savings account I can put $2500 in for 6months to a year? I would not need the money for that time period.
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Gabriel
07 Aug 2020
Undergraduate at National University of Singapore
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Kai Kiat
20 Jul 2020
Blogger at The Common Singaporean Millennial
You can consider Singlife! Which gives you liquidity and a 2.5% annual interest rate return.
However, given the interest rate climate, you can also look at the plans provided by Elastiq as well. If you are below 26 years old and rather have a bank account, you can consider the standard chartered jumpstart account!
Check out my blog if you would like more personal finance tips: https://thecommonsgmillennial.com/
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Tan Wei Ming
19 Jul 2020
Founder and Writer at Frugal Youth Invests
Singlife will be your best choice....
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Hey Anon, there are a few options for you
1) Singlife Account - 2.5% p.a. (non-guaranteed, subject to changes anytime)
No lock-in, flexible withdrawals/deposits.
2) Dash EasyEarn - 2% p.a. for the first year
$0.70 fee per withdrawal
3) Etiqa Elastiq - 1.8% p.a for the first 3 years
90 days lock-in, flexible withdrawals/deposits after that. No surrender fees.
Personally, I use (1) and (3) so feel free to reach out if you have any questions!