Personally I have no experience managing such a huge sum of money. However, if you want to squirrel some amount in low risk with slightly higher return, can consider 1. Singapore savings bond (up to S$100k/Pax). You may refer to this for more info http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx Also, as the allocation is around S$12k/month (varies depending on demand), you may need few months to reach the limit of S$100k. 2. Citibank Maxigain account, works like fixed deposit with step up of interest rate from 1.2% to 2.4% after one year (monthly will increase by 0.1%). You can start with $15k initial amount and after one year (or whenever you feel the interest is acceptable) top up to S$150k. However when you withdraw, the interest rate step to counter may drop. So u can treat this like fixed deposit, especially if you do not need this sum of money. All the best!