Where should i park my money?

1) Keep up to 6 months of your expenses in a high interest saving account, such as SingLife for 2.5% interest per annum. (Emergency funds)

2) Keep maybe 10% of your savings in your current savings account, if you haven't opened an account, I would recommend Standard Chartered JumpStart Acc. (This is for you to spend, credit your income to)

3) The rest will be fully invested in equities. (Stocks)

I would recommend DCA using Index Funds and learning how to pick your own stocks.

Tbh

You should put your savings of $6.8K into Singlife to get 2.5% p.a !!! :))

If you’re okay to deal with the risk..., you can try Robo-Advisors ((higher returns)) — try to put your money in for at least a year :))

You can park your money with SingLife for 2.5% for maximum returns on your first 10k, although the 2.5% is not guaranteed and you should also know that it is a insurance savings plan and not a bank account. You can also consider Standard Chartered JumpStart account which has 1% interest on your savings, it is a normal bank account.

Both allow liquidity and for your funds to be taken out when you need it.

Hi Anon! You may want to split your money into Standard Chartered Jumpstart account, Singlife and StashAway Simple. They all offer 1%, 2.5% and 1.9% interest rates. Do note that Singlife and StashAway Simple's interest rates are not guaranteed, but certainly better than what the banks are offering.