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Anonymous

29 Jul 2019

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What's the best place to keep $35k for 6 months and earn some interest?

I have about 35k which I need to hold on to for about 6 months, and I thought I could at least earn a bit of interest on it for a while. I would prefer to separate this amount from my own DBS Multiplier account. Which would be my best option? CIMB or some fixed deposit?

DBS/POSB Multiplier Account

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峻豪

29 Jul 2019

If you need to take some out, then consider CIMB FastSaver, if not you can consider fixed deposit like CIMB 1.7% or Sing Finance 1.8%

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Elijah Lee

27 Jul 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

CIMB currently offers the highest no strings attached savings account at 1%. However if you are very certain that you will have no need for the money before 6 months, consider a fixed deposit. CIMB rates for FDs are also competitive.

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Clarence Chua

27 Jul 2019

Financial Planning Specialist at Prudential Assurance Singapore

Most fixed deposit is longer than 6 months as far as I know.

It may be best to put them into a high...

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