facebookWhich other bank account(s) and alternatives with good returns would you recommend for me to "park" my excess money? - Seedly

Anonymous

21 Jun 2019

Saving Hacks

Which other bank account(s) and alternatives with good returns would you recommend for me to "park" my excess money?

I currently have UOB One account and DBS Multiplier account and I've maxed out the limit for good preferential interest rates. I also have some SSB on hand. Want to invest but not sure how to or what kind of stocks to buy :
Preference for options: not super long-term commitment (e.g. don't want to put in for 10 years), have some flexibility to withdraw after a certain period of time, able to beat inflation.

Discussion (3)

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Can't say that current high yielding bank accounts apart from the ones you already have will beat inflation. Cimb's fast saver and citibank's maxi gain are often mentioned here and worth taking a look. For investments wise, perhaps you can look into buying into a basket of s-reits for a start, especially those with strong sponsors like mapletree. Or look to invest via robo advisory services. All the best

U can do short term FD, there are a number of promotions on going from cimb/boc/maybank. Check them out

Gabriel

06 Oct 2018

Undergraduate at National University of Singapore

Hi, I would suggest either CIMB FastSaver which gives 1% and you can also consider their Fixed Depos...

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