I am a student waiting to enter NUS/SMU (4.5 years program). I have around $60k saved up. What is the best way to increase my savings? I most likely do not require any emergency funds at the moment.

It would be good to set aside a sum for emergency as you might never know when you will need it. You can increase you savings by putting your money in a high interest savings account. You should also set aside a sum of money for your uni expenses. The remaining money you can start to invest via robo advisor.

If you could put money aside for longterm,

one way could be cost averaging by splitting your 60k

and take less riskful ideas from:

https://seedly.sg/questions/what-is-your-genera...

As a student myself in NUS, I hope my insights would benefit you.

With $60k saved up, split your pot into 3 basket: Emergency fund, Protection fund, and Growth fund.

Emergency fund should be the liquid cash you are able to deploy, preferably 6 months or more of your expenses.

Protection fund is the premiums you need to pay for health, critical illnesses and accident plans.

With the remaining cash or so, spend some of it to buy investment books (Or read online pdfs), watch online investment videos.

You can park your money at ETF or SSB while you are learning the ropes, and take up some part time jobs to boost your cashflows.

The Singapore Savings Bond for low-risk investment purposes.

If you are open, can start thinking about opening a CPD account for future investment, spend some time learning first.