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Anonymous

29 Oct 2020

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What’s the difference between a money market and a savings account?

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Frankie Rappaport

29 Oct 2020

Https://dollarsandsense.sg/stashaway-simple-vs-...

https://blog.seedly.sg/cash-management-accounts...

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For cash management accounts like endowus and stashaway they mostly invest in lion global money market funds Would it be better to invest directly in lion global and save the roboinvestors mgmt fee?

Money market funds’ interest rate is always better and higher than saving accounts in banks. Is this always true regardless of the global economic situation?

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)?

Is the POSB Save As You Serve account worth opening for NSFs? Or could I be better off using a different savings account for savings while serving?

Do you guys have a separate savings account or put all your money (expenses + savings) into the bank account that gives the most interest?

Related Posts

For cash management accounts like endowus and stashaway they mostly invest in lion global money market funds Would it be better to invest directly in lion global and save the roboinvestors mgmt fee?

Money market funds’ interest rate is always better and higher than saving accounts in banks. Is this always true regardless of the global economic situation?

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)?

Is the POSB Save As You Serve account worth opening for NSFs? Or could I be better off using a different savings account for savings while serving?

Do you guys have a separate savings account or put all your money (expenses + savings) into the bank account that gives the most interest?

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