Personal Finance
A Singaporean’s Guide: Best Cash Management Accounts With Good Interest Rates and High Liquidity
By Seedly  •  June 28, 2020
From 1 Jul 2020, a few of the major banks in Singapore will be cutting the rates on their high-interest rates savings accounts. The likes of OCBC 360Standard Chartered JumpStart, and CIMB FastSaver will be cutting their base rate to 0.60%, 1% and 0.50% respectively. If you want to put your money into Singapore Savings Bonds, the interest rates have fallen to a low of 0.3% for the first year and 0.80% if you hold it for 10 years. The low-interest-rate environment comes on the back of the US Federal Reserve cutting its interest rates to near zero. With bank interest rates dropping like grapes, you might be looking elsewhere with highly liquid money management accounts to store your emergency fundinvestment war chest or simply a place to park your money to get some interest to fund an upcoming expense. A few credible money management alternatives with high liquidity have emerged with Singlife launching the Singlife account, Stashaway launching StashAway Simple™, FSMOne launching...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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