Where can i park my money which gives me the highest form of return with high liquidity for me to re-enter the market when it is back in the downtrend? - Seedly

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Asked by Anonymous

Updated 3w ago

Where can i park my money which gives me the highest form of return with high liquidity for me to re-enter the market when it is back in the downtrend?

Just exited the stock market(80%) and got a decent profit. Have about 300k+ in cash now and i wish to leave it in highly liquid accounts with decent interest returns. Have currently Maxed the benefits in UOB One([email protected]%), CIMB Fastsaver([email protected]%), Rest park in poems mmf(1.14%). Anyone have any knowledge where else can i get a better return on my money? Am looking to shift the funds in fastsaver and poems mmf to a better return account.

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Citi Maxigain got step up interest plus 70% SIBOR rate. Can get 2.43% after 1 year of step up.

https://www.citibank.com.sg/gcb/deposits/mxgn-savacc.htm

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Jonathan Chia Guangrong
Jonathan Chia Guangrong

23 Feb 2019

Only bonus interest is applicable if the minimum threshold of 70k is not met. Bonus interest starts from 0.1% and steps up by 0.1% to max 1.2% if current lowest balance is higher than previous month's lowest balance. The base interest is actually 70% of 1 month moving SIBOR and not strictly 1% per se. Cap of 150k account size after which interest of 0.05% will be applicable
Tan Boon Hian
Question Poster

26 Feb 2019

Noted. Thank you for your help! will open an account soon