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Anonymous
Is it part of emergency fund, investment money, wedding fund, travel fund?
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Robin
23 Mar 2021
Administrator at SG
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Basically almost the same priority as the money that you wishes to put in the bank as liquid cash. Reason why cash management account may seems more attractive is due to the interest of about 1.4% that it can offer as compared to banks in current climate. It is rather low risk as they invest in short term bonds. Takes about 5working days to withdraw which is faster than when you want to withdraw from SSB