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Announcements Improve How I Manage My Money Grow & Protect My Nest Egg My Home and I Ready for Retirement Kids & Family Matters Everything Fun Polls
  1. Home
  2. Improve How I Manage My Money
  3. Savings
  4. Emergency fund
  • AL
    alakoon Emergency fund

    Savings
    0

      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.

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    • HE
      helloyou
      last edited by

        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.

        1 Reply 0 Reply
      • HA
        ham
        last edited by

          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.

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