I have some monies sitting in my DBS SRS account. I’ve been meaning to invest it properly but haven’t looked into it till now. Any suggestions? - Seedly
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Supplementary Retirement Scheme (SRS)

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DBS

Anonymous

Asked 2w ago

I have some monies sitting in my DBS SRS account. I’ve been meaning to invest it properly but haven’t looked into it till now. Any suggestions?

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Gideon Ng
Gideon Ng
Level 5. Genius
Answered 2w ago

Hi it depends on how much you have in your SRS!

If you have around $10k, you can consider Endowus.

If you have just a small sum, you could consider just placing it in StashAway Simple for the time being which earns you 1.9%. It's much better than leaving it in your SRS account!

You can choose to invest through the DBS Invest Saver as well, though you can only invest in the unit trusts portion.

You can also choose to do DIY investing, though I'm not that sure how it really works.

While you are researching on things to invest your monies in, I would suggest to leave it in StashAway Simple for the time being so that it's earning much better returns!

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PillowCase
Level 5. Genius
Answered 2w ago

Hey there.

If you are considering high-interest savings accounts, CIMB has recently announced today that they will be revising their interest rate for FastSaver. You might want to take a look here.

Other alternative choices that do not require spending/minimum sum include:

Singlife Account (2.5% p.a, capaital guaranteed, interest non guaranteed)

FSM Auto-Sweep Account (1.05%p.a, interest rates may be revised)

Stashaway Simple (1.9%, capital non guaranteed, interest non guaranteed)

SCB JumpStart (1%p.a, only for aged 18-26)

Crypto Earn (Depending on currency, as high as 16%p.a (CRO) without any prior staking. However, do take note of the volatility of cryptocurrencies. For higher interest rates, a fixed duration of 90 days is imposed before withdrawal can be made. Intetest is paid out every 7 days)

Crypto Exchange (20%p.a for CRO currency. Similar to Crypto Earn, just that fixed duration is set at 180 days. Interest is paid out daily)

Vivid Account (1.05% p.a for first 10k, 1.30% for 10k-20k)

Tiq 3 Year Endowment Plan (2.10%p.a, guaranteed)

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