Dear readers, as interest rates continue to climb north, there are more and more products that invest in the dollar and Singapore liquidity.
One such product that was recently rolled out is MoneyOwl WiseSaver.
MoneyOwl WiseSaver is a fund which invests in Singapore Dollar bank deposits and offers liquidity as savers are able to withdraw the funds whenever they need them.
Based on the current time of writing, the yield of the fund based on 5-day Moving Average is about 4% per annum. According to the MoneyOwl website, the above yield does not indicate the interest that investors can obtain for holding their investments for a year.
One good thing that I find out from the website is that the fund allows savers the convenience of not having to look at the next best fixed deposits to move their savings as WiseSaver has a proven strategy in it to get the best available rates for savers.
Please note that this post is just a sharing of select financial products on the markets and is not a recommendation.