What are some short term Saving Plans for NS men when they enlist? - Seedly
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Alcander Seow

Asked 2w ago

What are some short term Saving Plans for NS men when they enlist?

I have about $1k savings, planning to switch from standard DBS everyday saving acc to DBS multiplier as a salary acc, then apply for the Save As You Serve to gain more interest rate. But what are some short term saving plan that can generate more interest rate than the plan I have currently? I have already the SCB Jumpstart acc where I placed the $1k saving.

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You can take a look at Singlife which provides a 2% interest rate for the first $10K. This is definitely much higher than SCB Jumpstart which is currently at 1%. I am currently an NSF too and have been depositing monthly into Singlife to take advantage of their interest rate.

Singlife also allows you to withdraw your money any time at no additional cost.

You can head over to my blog for more information on Singlife

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Alcander Seow
Alcander Seow

2w ago

Hi, thanks for the answer. I'll look into your blog for the Singlife info. Thanks
myfinancemarathon

2w ago

You are welcome! Hope you have benefited from it.
Thank You!
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You may wish to consider insurance savings like Singlife Manage.

Dash EasyEarn and gigantiq are possible alternatives too but there are slightly more restrictions in withdrawals.

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Alcander Seow
Alcander Seow

2w ago

Hi Jiayee, thanks for your answer. I'll look into the 2 you mentioned & see if it fit my requirements. Thanks.
Thank You!
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