What should I do with...

[invisible.]

$21k savings in bank, currently serving ns

 

[kebinu]

keep it in there till you understand more what to do with it.

imo, invest in blue chip during a recession.

 

[chopra]

put in cimb savings.

 

[NiteX2]

It really depends on what are your plans after coming out from NS. If you are planning to continue with studies after NS, then I would suggest that you put your money into fixed deposit till you need to use them, or make investments if you are investment savvy.

If it is for long term, then you may look into long term saving instruments or investment as well. Dollar cost averaging is a good way to get started if you are not well versed with investments yet but yet would like better returns than current bank interest rates.

 

[Shiny Things]

$21k savings in bank, currently serving ns

You're in good shape.

Keep that $21k in the bank - that can be your emergency fund. In case something goes wrong, or you get fired, you'll be able to tap your emergency fund to keep yourself going for a few months while you hunt for a job.

Once you've got a bit more cash, you can start investing for retirement. Open up a Stanchart brokerage account, and start buying clips of G3B (which tracks the STI) and A35 (a bond fund that gives you more stable returns). That's all you need to do - it's simple, and boring, but it works.