Does anyone know anything about UOB's RISP and how it compares to DBS's Invest-Saver? Is there a minimum initial lump sum investment of $1k for DBS? Is it possible to halt monthly contributions after a while or will there be penalties for it? - Seedly
 

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Asked by Anonymous

Asked on 10 Jun 2019

Does anyone know anything about UOB's RISP and how it compares to DBS's Invest-Saver? Is there a minimum initial lump sum investment of $1k for DBS? Is it possible to halt monthly contributions after a while or will there be penalties for it?

Does anyone know anything about UOB's RISP and how it compares to DBS's Invest-Saver? UOB requires a minimum initial lump sum investment of $1,000 - is there such a requirement for DBS? Also, is it possible to halt monthly contributions to the DBS/UOB plan and resume contributions after a while or will there be penalties for failure to do so (e.g. service fee or the like)?

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James Yeo
James Yeo, Founder at SmallCapAsia.com
Level 5. Genius
Updated on 11 Jun 2019

no min. $1000 for DBS. yes, generally can pause and stop investing without penalties.

https://blog.seedly.sg/regular-shares-savings-rss-plan-faq/

In general i feel UOB's RISP not as strong as DBS and OCBC

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James Yeo
James Yeo

11 Jun 2019

Actually if the fees and the selection of stocks are around the same then i would also do it for convenience. haha. Anyway you can see the list of stocks?
James Yeo
James Yeo

11 Jun 2019

Btw can help upvote my answer? i lack one to get the $10 grab voucher $_$ hahah thanks!