facebookWould you save your money in an investment plan (projected interest rate at ~7-10%) or save it in the bank (interest rate at 0.05%) or save it in a savings plan (interest rate at 3%)? - Seedly

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Anonymous

09 Mar 2020

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Would you save your money in an investment plan (projected interest rate at ~7-10%) or save it in the bank (interest rate at 0.05%) or save it in a savings plan (interest rate at 3%)?

Discussion (9)

What are your thoughts?

7-10 % interest is very high. Please check what is the company doing with your money. The last thing you would want is for you to not get back your principal in full.

7-10% sounds high. Ask what is the risk of the investment plan. 7-10% might be the optimistic case. Check the downside

Jason Sing

Jason Sing

23 Sep 2018

Level 10Β·School Of Hard Knocks And Life at School Of Hard Knocks And Life

I would rather put it in Singapore Saving Bond. ...

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