Anonymous

18 Apr 2019

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I have 50,000 spare cash, which bank account in Singapore offers best interest and liquidity? SDIC says to offer safe guarding for our deposit. Anyone have experiences before in this SDIC?

I have 50,000 spare cash, which bank account in Singapore offers best interest and liquidity? SDIC says to offer safe guarding for our deposit. Anyone have experiences before in this SDIC?

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Andrew Fong

22 Mar 2019

Associate Partner at St. James's Place Wealth Management

Off-hand I would say that SDIC has not had to pay out since it's inception as I do not know of any incidences where banks/insurers have failed to payout to their clients in Singapore due to default.

With effect from 1 April 2019, the limit has increased to $75,000

https://www.moneysense.gov.sg/articles/2018/10/...

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Josh Tan Jian Liang

10 Jan 2019

Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd

I've done a full write up on elastiq plan, comparing it with SSB and Singlife Endowment for 3years. These plans are for liquidity. https://www.theastuteparent.com/2019/01/elastiq...

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Jean-jok Kuan

09 Jan 2019

you can consider ELASTIQ :) flexibility of funds after 90 days at guaranteed 2.02% pa for first 3 years. https://tiq.com.sg/product/universal-life-insur...

or of course, SSB.

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Yang Teng

20 Nov 2018

UOB One Account gives high interest rates (2.43%) only if you can set aside $50,000 as savings deposit and able to spend at least $500 on a participating UOB credit card.

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Herbert Sidik

20 Nov 2018

Invest that money in REITs or ETFs (Straits Times Index or S&P500) and easily get about 7-9% (sa...

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