facebookBesides SSB/Singlife/SCB jumpstart, what are other government bonds that we can invest in to replace the high savings account? - Seedly

Evan Lee

20 Jun 2020

Saving Hacks

Besides SSB/Singlife/SCB jumpstart, what are other government bonds that we can invest in to replace the high savings account?

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Gabriel

20 Jun 2020

Undergraduate at National University of Singapore

Hey Anon, you can consider Etiqa Elastiq which offers 1.8% guaranteed interest on your initial deposit for the first 3 years. After the initial lock-in of 3 months, it works like a bank account, similar to the Singlife account.

I've been using it since January 2019, let me know if you have any questions. ​​​

Hey there.

Putting your savings in high-interest savings account is a way to beat inflation and increase value.

Choices that do not require spending/minimum sum include:

  1. Singlife Account (2.5% p.a, capaital guaranteed, interest non guaranteed)

  2. FSM Auto-Sweep Account (1.05%p.a, interest rates may be revised)

  3. Stashaway Simple (1.9%, capital non guaranteed, interest non guaranteed)

  4. SCB JumpStart (1%p.a)

  5. crypto.com Crypto Earn (Depending on currency, as high as 16%p.a without any prior staking. However, do take note of the volatility of cryptocurrencies)

  6. Vivid Account (1.05% p.a for first 10k, 1.30% for 10k-20k)

  7. CIMB FastSaver (Revised rate of 0.5%, down from 1%)

For SG, there are SGS Bonds and T-Bills, apart from SSB. You can read more here: https://www.mas.gov...

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