I think it will be wise to look at other alternatives instead of just FD. Now, if you have 100k I’d strongly suggest an UOB One account which bag you up to 7.8% P.A and the criteria are reasonable. You need to have a spending of above $500 per month and fulfil either of these 2 criteria, 1) Salary of at least $1,600 being credited under SAL code OR 2) Make 3 Giro Debits transaction per month.


If you have another 100k, you can also make use of the UOB Stashaway account which gives 5% P.A. All you’re required to do is just leave the money there and don’t make any withdrawals. In the event that you have to, you will miss a month of bonus interests but it will be reset on the following month.

By far, these 2 products have worked well for me. I’d appreciate if any parents here have a better options. Thanks!