Anonymous

26 Dec 2019

∙

Which banks take fixed deposits from supplementary retirement scheme funds?

Which bank should I consider opening an SRS account with? Pros and Cons of each?

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Elijah Lee

26 Dec 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

All 3 local banks will take SRS funds for fixed deposits.

Do consider your other options as well, there are plenty of investment options for SRS, including shares, UT, SSB, ETF, retirement plans, etc.

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