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Andy Sim
09 Mar 2020
HR Professional at a Financial Institution
You can use Seedly's savings calculator to calculate the best savings account for your situation and spending habits. Multiplier is good if you can fulfill the categories. If not, Jumpstart or CIMB Fastsaver is good as a no frills account.
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If you can fulfill the multiple hoops for DBS multiplier, I think it is a very good yielding account to park your emergency fund. Anything above 1.5% I would consider acceptable to park my emergency fund there.
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Sure, definitely have your emergency funds in a savings account that gives you a good interest rate.
If you want something that makes it inconvenient for you to withdraw, try CIMB. After all, I do believe their bank branches are only at Raffles Place or Orchard!
Makes you think twice before withdrawing money ;)
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Clarence Chua
26 May 2019
Financial Planning Specialist at Prudential Assurance Singapore
You can keep your emergency fund in a instrument that has high liquidity and very low risk.
I keep...
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I feel it can be in the same saving account as long as you have the determination of not using it. sometimes people use different saving accounts to earn interest etc.