<
div aria-hidden="true" class="wp-block-spacer"> MoneyOwl recently announced their new WiseSaver portfolio. It provides you with an alternative to “earn higher returns with the added flexibility and liquidity to withdraw your funds whenever you need them”. Is this cash savings plan worth your consideration? Here’s my review of what it offers.
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div aria-hidden="true" class="wp-block-spacer"> Contents How Does WiseSaver Work?What Are WiseSaver’s Returns Like?What Fees Does WiseSaver Charge?Is WiseSaver The Product For Me?Conclusion
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div aria-hidden="true" class="wp-block-spacer"> How Does WiseSaver Work? WiseSaver puts your money into the Fullerton SGD Cash Fund, which invests in Singapore Dollar bank deposits of local financial institutions.
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div aria-hidden="true" class="wp-block-spacer"> Source: FSMOne
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div aria-hidden="true" class="wp-block-spacer"> WiseSaver is really liquid since there is no lock-in period. Also, when you make a withdrawal request, your funds will be sent to your bank account within 2 business days.
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div aria-hidden="true" class="wp-block-spacer"> Source: MoneyOwl
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div aria-hidden="true" class="wp-block-spacer"> The minimum amount that you have to put...