Anonymous

11 May 2020

∙

General Investing

School loan repayment has been extended to next year. How can you better utilize the money within a year (to grow the money) other than a high-interest savings account?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Teo Liang Wei

11 May 2020

As your times horizon is short, I would suggest putting in somewhere with lower risk. You can consider putting them in Singlife Account that offers 2.5% p.a.

Reply

Save

Write your thoughts

Related Posts

I am an undergraduate and all my money is currently in a DBS Savings Account. Are there any other better ways to grow my savings with higher interest rates?

Would $100/mth be better off in an RSS plan (DBS Invest saver) or a high-interest savings account (i.e. SCB Jumpstart, CIMB)?

Why do people invest in SSB over putting their money in high-interest savings accounts or fixed deposits?

Any recommendations of high interest savings account for freelance people (with 1.5 years of work experience thus approx $10k) to park emergency money into it ?

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?

Related Products

StashAway

4.7

1293 Reviews

StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)

Cash Management

INSTRUMENTS

None

ANNUAL MANAGEMENT FEE

None

MINIMUM INVESTMENT

3.5%

EXPECTED ANNUAL RETURN

Mobile App

PLATFORMS

Moomoo Singapore

4.7

476 Reviews

Endowus

4.7

656 Reviews

Related Posts

I am an undergraduate and all my money is currently in a DBS Savings Account. Are there any other better ways to grow my savings with higher interest rates?

Would $100/mth be better off in an RSS plan (DBS Invest saver) or a high-interest savings account (i.e. SCB Jumpstart, CIMB)?

Why do people invest in SSB over putting their money in high-interest savings accounts or fixed deposits?

Any recommendations of high interest savings account for freelance people (with 1.5 years of work experience thus approx $10k) to park emergency money into it ?

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?