Anonymous

31 May 2021

∙

I'm not sure where to park my savings to maximize the interest rate. on average i save about $1.4k and am looking at any investment vehicle with about 2~3%. What should I do?

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Victor

31 May 2021

Financial Service Consultant at AIA

Syfe cash plus will be good

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Geraldo L.

06 Mar 2020

You can use the Seedly calculator to do a comparison across the high interest bearing accounts, some popular options are SC jumpstart, DBS multiplier, OCBC 360. For a return of 2%-3%, you can consider bond funds with lower risks or stock ETFs if you are able to accept the higher risks associated.

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MT2020

06 Mar 2020

If you are under the age of 26, you can create a standard chartered jumpstart account which gives 2%...

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The core inflation rate is around 1.4-1.9% in Singapore, which is higher than many saving accounts interest rate. Do you think it makes sense to invest instead of keeping money in saving accounts?

Would you save your money in an investment plan (projected interest rate at ~7-10%) or save it in the bank (interest rate at 0.05%) or save it in a savings plan (interest rate at 3%)?

I am currently enjoying the highest interest rate possible on the DBS multiplier (2 categories). Should I get another savings account or invest the excess money (amount above 50k) into digiportfolio?

I’m a fresh graduate and am looking to open a savings account with good interest rates! OCBC360 or Singlife?

Hi, I’m a low risk investor with my funds currently in my normal savings account. Been thinking about investing in SSB instead due to the recent fall in interest rates. Any thoughts?