Asked by Anonymous

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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    • Josh Tan Jian Liang
      Josh Tan Jian Liang, Principal Author www.theastuteparent.com at Promiseland Independent Pte Ltd
      8 Answers, 10 Upvotes
      Answered 1w ago

      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-by-etiqa/

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    • Jean-jok Kuan
      Jean-jok Kuan
      3 Answers, 8 Upvotes
      Answered 2w ago

      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-insurance-elastiq/

      or of course, SSB.

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    Lok Yang Teng
    Lok Yang Teng

    Top Contributor (Dec)

    254 Answers, 349 Upvotes
    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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