Asked by Anonymous
Asked on 25 May 2019
You can keep your emergency fund in a instrument that has high liquidity and very low risk.
I keep mine in CIMB that gives 1 to 1.5% simple and “hassle-free”
Sure, definitely have your emergency funds in a savings account that gives you a good interest rate.
If you want something that makes it inconvenient for you to withdraw, try CIMB. After all, I do believe their bank branches are only at Raffles Place or Orchard!
Makes you think twice before withdrawing money ;)
If you have at least $500 you can put it in singapore savings bond.
You will need a CDP account which you can apply online.