National Service (NS)
Asked 3w ago
I'm going ns soon so preferably one that allows me to credit salary.
I think can continue using the POSBkids account, just need to apply a debit card if you dont have. I think POSBkids allow salary crediting. Would also be good to open a Singlife account for savings part of your salary because interest is good at 2.5% (for now)
https://app.singlife.com/92sfGZj0s8 can use this link if you are keen and activate the account and debit card for $10 reward.
Standard Chartered JumpStart is a good pick for allowance crediting and spending since there is a 1% cashback feature. You can back it up with a Singlife account, parking any excess funds you have inside to get that sweet 2.5% p.a returns.
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 ePOSBKids account. (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.
Show More Products