Anonymous

29 Jul 2019

∙

What's the best place to keep $35k for 6 months and earn some interest?

I have about 35k which I need to hold on to for about 6 months, and I thought I could at least earn a bit of interest on it for a while. I would prefer to separate this amount from my own DBS Multiplier account. Which would be my best option? CIMB or some fixed deposit?

DBS/POSB Multiplier Account

3

Discussion (3)

What are your thoughts?

Learn how to style your text

峻豪

29 Jul 2019

If you need to take some out, then consider CIMB FastSaver, if not you can consider fixed deposit like CIMB 1.7% or Sing Finance 1.8%

Reply

Save

Elijah Lee

27 Jul 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

CIMB currently offers the highest no strings attached savings account at 1%. However if you are very certain that you will have no need for the money before 6 months, consider a fixed deposit. CIMB rates for FDs are also competitive.

Reply

Save

Clarence Chua

27 Jul 2019

Financial Planning Specialist at Prudential Assurance Singapore

Most fixed deposit is longer than 6 months as far as I know.

It may be best to put them into a high...

Write your thoughts

Related Posts

I've been laid off but luckily the severance package is generous. I'd like to keep the money in a liquid account as I expect to be without income for 6-12 months. What's the best account that pays %?

Where is the best place to earn interest from crypto?

Hi! I have about $40k of funds not needed for 6 months. Any recommendations where I can put in to (FD or sth) to earn interest. Thanks! Already on ocbc and uob savings accounts

If I invest $1,000 on CoAssets campaign which has 5% interest and 6 months tenture date, it means I will get $1,050 after the 6 months? And if campaign failed to secure the needed amount, can I get back the $1,000?

I had $10k in a high yield savings account. At first, it was earning about $20 a month in interest, but now it only earns $3 or $4 a month. Did I make a better decision, equal, or worse decision?

Related Products

DBS/POSB Multiplier Account

4.4

321 Reviews

Up to 4.10% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

Standard Chartered JumpStart Account

4.8

778 Reviews

OCBC FRANK Account

4.7

211 Reviews

Related Posts

I've been laid off but luckily the severance package is generous. I'd like to keep the money in a liquid account as I expect to be without income for 6-12 months. What's the best account that pays %?

Where is the best place to earn interest from crypto?

Hi! I have about $40k of funds not needed for 6 months. Any recommendations where I can put in to (FD or sth) to earn interest. Thanks! Already on ocbc and uob savings accounts

If I invest $1,000 on CoAssets campaign which has 5% interest and 6 months tenture date, it means I will get $1,050 after the 6 months? And if campaign failed to secure the needed amount, can I get back the $1,000?

I had $10k in a high yield savings account. At first, it was earning about $20 a month in interest, but now it only earns $3 or $4 a month. Did I make a better decision, equal, or worse decision?