Last updated on September 21st, 2021

You know that an emergency fund is important before you start investing. While you want your emergency fund to be liquid, you do not want it to lose its value! This is because most savings accounts offer really low interest rates. So where should you be placing your emergency funds in?

Where should I put my emergency funds in Singapore?

Here are 6 places you can consider placing your emergency funds in: CashSavings AccountsInsurance Savings PlansCash Management AccountsFixed DepositsSingapore Savings Bonds (SSBs) This is a summary of each instrument,

Instrument	Pros	Cons
Cash	The most liquid option	Fastest way to lose value due to inflation
Savings Account	Very liquid option	Poor rate of returns
Insurance Savings Plans	Higher returns compared to savings accounts	May incur transaction fees for withdrawals Relatively less liquid option
Cash Management Account	Higher returns compared to savings accounts	May be less liquid compared to Insurance Savings Plans
Fixed Deposits	Slightly higher returns compared to

...