What is the best option to keep your savings?

[testingabc]

Depends how much you have and which you prefer.

10K - Singlife 2.5%

100K - CIMB Fastsaver 1.325%

200K - CIMB Fastsaver and Fastsaver-i 1.325%

More than 200k - Rest with Maybank iSavvy musical chairs 1.3%

These only for those who love fuss free savings account like me

 

[AnTiLooP]

Interest is accrued daily so it shows as the account value
For the crediting it is monthly and will reflect as entry like any bank interest credit.

i have performed partial withdrawal and top up before

Any hidden fees? If not its too good to be true in the current climate.

 

[itchying]

I have using HSBC before, after complete a cycle how to join a new cycle?

Need someone to open new sole account or you open joint with the person. Else have to come back again after the cycle only.

 

[Utonian]

Any hidden fees? If not its too good to be true in the current climate.

no hidden fee, what you see in your account value is yours already and covered by SDIC as mentioned by Trazora

 

[Extremme]

Depends how much you have and which you prefer.

10K - Singlife 2.5%

100K - CIMB Fastsaver 1.325%

200K - CIMB Fastsaver and Fastsaver-i 1.325%

More than 200k - Rest with Maybank iSavvy musical chairs 1.3%

These only for those who love fuss free savings account like me

I am still quite fuzzy abt MB isavvy. Seems complicated

 

[freedom-strike]

Is it ok to use Paypal as a savings account?

 

[flyboy]

Money goes to GE LIFE 2 years 1.8% FD, which capital guaranteed and some COVID19 hospitalisation benefits.

http://sg.gelife.co/GSP1115400

 

[crystalnox]

Is it ok to use Paypal as a savings account?

No way, there's zero protection in case something goes wrong, or if they decide to randomly freeze your account.

 

[Enclave]

Withdraw all your monies, and keep them in the safe box at home.

Go buy gold and keep them in biscuit tins.

 

[highsulphur]

Cpf ftw!!....

Posted from PCWX using VOG-L29

 

[seatore]

Is it ok to use Paypal as a savings account?

I think each time u trf or receive fund, yr money getting lesser and lesser

 

[SBC]

Kept some 50k into Etiqa Saver3 last year.

 

[Squaredot]

Kept some 50k into Etiqa Saver3 last year.

that is in the past, bro.
what about now?

 

[BBCWatcher]

Now is the time to invest.

If you have the happy problem of too much cash piling up, and:

1. At least some of that cash won’t be needed any time soon (you have a long enough or longer time horizon);

2. You have an adequate or better emergency reserve;

3. You have already taken care of genuine household insurance necessities;

then it’s always a good time to redeploy the surplus into long-term, prudent, low cost, well diversified investments. Hoarding too much cash is expensive, and it’s even more expensive right now as it happens.

So what I do when too much cash piles up is raise my monthly savings flow directed into long-term investments. Fortunately I’ve never missed or skipped a month, and fortunately I’ve always ratcheted up. This works!

 

[mp4005 help]

Depends how much you have and which you prefer.

10K - Singlife 2.5%

100K - CIMB Fastsaver 1.325%

200K - CIMB Fastsaver and Fastsaver-i 1.325%

More than 200k - Rest with Maybank iSavvy musical chairs 1.3%

These only for those who love fuss free savings account like me

if you have few hundred k $ in cash - can open those OCBC dividend plus account once you join as premiere .. 1.6% if don't withdraw and top up $2k every month. If you withdraw or don't top up for that month then earn base rate of 0.05%.

quite sure other banks also have such higher yield accounts

 

[jnashville]

If you have the happy problem of too much cash piling up, and:

1. At least some of that cash won’t be needed any time soon (you have a long enough or longer time horizon);

2. You have an adequate or better emergency reserve;

3. You have already taken care of genuine household insurance necessities;

then it’s always a good time to redeploy the surplus into long-term, prudent, low cost, well diversified investments. Hoarding too much cash is expensive, and it’s even more expensive right now as it happens.

So what I do when too much cash piles up is raise my monthly savings flow directed into long-term investments. Fortunately I’ve never missed or skipped a month, and fortunately I’ve always ratcheted up. This works!

I have the problem of cash piling up but I got zero knowledge in investments like stocks etc. That's why have always been using high yield accounts only.

 

[Thoreldan]

Is singlife 2.5% guaranteed ?
My kid has about abt 7k savings sitting in posb kids earning peanuts.

 

[testingabc]

Is singlife 2.5% guaranteed ?
My kid has about abt 7k savings sitting in posb kids earning peanuts.

Maybe you can look up at the Singlife Money Mind thread, if I am not wrong it is only the capital that is guaranteed but don't take my word for it..

 

[testingabc]

I have the problem of cash piling up but I got zero knowledge in investments like stocks etc. That's why have always been using high yield accounts only.

Same here too, still researching on which platform to invest. Only invest couple times with FSM, now looking at Stashaway and Syfe, any recommendations? Thank you~

 

[Utonian]

if you have few hundred k $ in cash - can open those OCBC dividend plus account once you join as premiere .. 1.6% if don't withdraw and top up $2k every month. If you withdraw or don't top up for that month then earn base rate of 0.05%.

quite sure other banks also have such higher yield accounts

no more le, now only max 1.1%
maybe changed ?

think 350k to join premier banking