facebookWhat saving account should i get if i’m a student and would like to save for 5-10 years and is about to go into ns soon - Seedly

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Anonymous

24 Jun 2021

Saving Hacks

What saving account should i get if i’m a student and would like to save for 5-10 years and is about to go into ns soon

Savings accounts for 5 to 10 years

Discussion (6)

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The interest rates wont matter for you, so anything goes! if you want to save hardcore, get a acc but dont get the card. that works well for me cause i cant take out the money.

Hi Anon,

Saving accounts rates are pretty pathetic now, having 3-6 months worth of expenses should be fine.

Perhaps you can start with Syfe Cash+ or StashAway Simple, their returns may not be awesome (1.2-1.5% p.a.), but have no minimum deposit & are relatively liquid (2-4 business days). In the meantime you can read up & acquire more knowledge on investing.

Cheers

Victor

23 May 2021

Financial Service Consultant at AIA

Syfe cash plus. Technically is not really a saving acct as it buys into money market funds. Therefor...

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