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alakoon Emergency fund
Is it wise to use your emergency funds for short term savings with higher interest? For example Great Eastern Guaranteed Returns Of 1.55%p.a, a 3-year single premium plan.
Replies
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That's GE thing guaranteed return only upon maturity though. Like ham said, will consider whether there is potential loss if I urgently need to use the funds. Don't wanna be forced by emergencies to liquidate at a loss.
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I would consider whether there’s any loss if I suddenly want to get my money back since it’s for emergency use.
Previously I bought Singapore Savings Bond since it can be easily redeemed if I urgently need the money.
