Where to park $50K spare cash?

You can choose to park money in SSB, Fixed Deposits, bonds, or a high interest savings account :)

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You can read up on this article by Seedly to know how to park your money with SSB: https://blog.seedly.sg/guide-investing-singapor...

CIMB FastSaver. Earn 1% interest.

Park in CIMB fastsaver. Interest transfer it to another account. You can consider maxigain too. For SSBs part, you can apply 5k for every months issue till you used up all 50k(around 10months) and if you have some more spare, invest in that another 2 months. So you can have double coupon repayment every month. Some may say 6 months will be enough for every month to have coupon repayments. But if you have more spare cash, why not. And since now SSBs are oversubscribed so the allocation are pretty less one can get per months issue.

I'm been using maxi gain since last October and I just leave my funds there untouched to earn the bonus interest. If you are gonna set up salary crediting into this account, it may not be a good idea as you need to ensure that the lowest balance in current month is equal or higher than lowest balance in previous month..