facebookFor saving plans, do you prefer high flexibility with lower returns (Eg. saving accts, SSB, flexible insurance savings plans) or no flexibility with higher returns (Eg. fixed deposits, endowments) ? - Seedly
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Anonymous

18 Apr 2019

For saving plans, do you prefer high flexibility with lower returns (Eg. saving accts, SSB, flexible insurance savings plans) or no flexibility with higher returns (Eg. fixed deposits, endowments) ?

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    What are your thoughts?

    I wouldnt go for either endowment or ILP. In the group, SSB seems the best and even has higher returns than fixed deposit. Your comparison of flexibility and rate of returns doesnt really hold here.

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      Luke Ho

      Luke Ho

      21 Dec 2018

      Level 9ยทKick-Ass Financial Services Consultant at Trillion Financial Planners

      If you're determined to save, save objectively for a specific purpose. If it doesnt need to be flexible, don't let that money be flexible so you can meet the objective stated. Its that simple.

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        Gabriel

        Gabriel

        21 Dec 2018

        Level 12ยทUndergraduate at National University of Singapore

        Singapore Savings Bonds as it offers pretty decent interest rates and is flexible/liquid should I ne...

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