Asked on 27 Sep 2018
Considering the fact that I will be in army and I want to put my savings either into here of SAYE(do comment if recommended too). Am also thinking to do passive funds via DBS Vickers at the same time. What would be your advice? Thank you.
For NSF SAYE. Can't hit the min salary credit already for multiplier. But do note, the extra % you get for SAYE will be forfeited once you withdraw money from it. As a NSF you don't know whether will you need the cash. And you forgo the liquidity for 1% interest. Alternatively, CIMB fastsaver.
If you can meet the criteria (salary credit, minimum spending) to earn higher interest for accounts like DBS Multiplier, UOB One, OCBC 365 etc, then go ahead and get those accounts. Otherwise, can consider CIMB FastSaver (Liquid) or POSB SAYE (Not liquid - if withdraw, will forgo additional interest).
Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
Updated on 07 Jun 2019
NS is POSB save as you serve. Not sure got diff or not. But you cannot withdraw at all once you put ...
Read 1 other answers with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here