TWS Index (May 2023)

Over the years, we’ve been getting tons of DMs asking us for recommendations on where to put your money.

Here’s the bad news:

We can’t tell you exactly where to put your money in, because everyone has different needs, investment amounts and philosophies.

Here’s the good news:
We’ve come up with a tool so you can calculate what works best for you. To start, input your take-home salary below, and click on the options to find out more.

TWS Calculator

Document

Key in your monthly take-home salary (after CPF contribution)

Monthly take home salary

Emergency savings

6 months of salary

Rounded up to the nearest thousand

Where to stash your emergency savings?	Options
Bank High Yield Savings Account	High liquidity, 1 - 3% interest
Insurance Savings Plans (without lock-ins)	Mid - high liquidity, 1 - 2% interest
Robo Advisor Cash Management	Mid - high liquidity, up to 5% interest
Singapore Savings Bonds	Liquid, safe returns

Budgeting Guide

Based on the 50/30/20 rule (50% needs, 30% wants, 20% savings)

	Monthly	Annual
50% needs
30% wants
20% savings

Amount deposited

Highest Returns

Bank High Yield Savings Accounts*	UOB One Account	OCBC 360	SCB Bonus Saver	DBS Multiplier	CIMB FastSaver
Total Annual Guaranteed Returns*

DISCLAIMER : Most high yield saving accounts offer bonus interest if you have a deeper banking relationship with them. The rates reflected here are based on the assumption that you hit the following criteria:

- Use their debit/credit card and spend at least $1,500/month

- Pays at least 3 recurring bills from the account (e.g. electricity, water bills)

- Your bank balance steadily increases by at least $500/month

- Credit your salary of at least $3,000

Amount deposited

Highest Potential Returns

Insurance Savings Plan	SingLife Account	Dash PET by Singtel	Singtel Dash EasyEarn
Total Potential Returns*
Guaranteed Returns	-	-
Non-guaranteed/ Bonus Returns
Premium limits	From $500	From $50 to $50,000	From $2,000 to $20,000
Lock-in period	None	Lock-in of 12 months For 1st policy year, max withdrawal amount is 10% of single premium and top-ups.
Important policy terms to note			This rate is for the first year only.
Notes	2% p.a. on your first $10,000 , 1.4% p.a on your next $90,000	1.6% p.a. on your first $50,000 for the first year only	Enjoy additional premiums with additional top-ups. This calculation is based on a single one-time premium payment only.

DISCLAIMER : Most insurance savings plans offer bonus interests if you take up additional insurance products with them. The rates reflected here are based on the assumption that you want to save your money with them only, without any insurance.

Amount deposited

Highest Potential Returns (Lower Risk Option)

Highest Potential Returns (Higher Risk Option)

DISCLAIMER: T&Cs apply. Please visit the individual product pages for more info.

Robo Advisor Cash Management Options	StashAway Simple™ Guaranteed	StashAway Simple™ Plus	Syfe Cash+	Endowus Cash Smart - Secure	Endowus Cash Smart - Ultra	MoneyOwl Wise Saver	Tiger Vault
Projected Return Rate (after fees)	3.4%	5%	3.5%	3.6%	4.9%	3.9%	4.5%
Total Projected Returns
Account Minimum	$0.00	$0.00	$0.00	$0.00	$0.00	$10.00	$1.00

Amount deposited

Highest Potential Returns (Lower Risk Option)

Highest Potential Returns (Higher Risk Option)

T&Cs apply. Please visit the individual product pages for more info.

Robo Advisor Cash Management Options	StashAway Simple™	StashAway Simple™ Plus	Syfe Cash+	Endowus Cash Smart - Secure	Endowus Cash Smart - Ultra	MoneyOwl Wise Saver	Tiger Vault
Projected Return Rate (after fees)	3.3%	5.0%	3.3%	3.5%	4.9%	4.04%	4.5%
Total Projected Returns
Account Minimum	$0.00	$0.00	$0.00	$0.00	$0.00	$10.00	$1.00

Your amount invested (in cash)

Most affordable robo-advisor

Most affordable bank managed portfolio

Managed Portfolios	StashAway	Syfe Wealth	Endowus	MoneyOwl	OCBC RoboInvest	DBS digiPortfolio	UOBAM Robo-Invest
Annual Fees					0.88%	0.75%
Total Fee Payable
Type of Portfolio(s)	- General Investing - Goal-based Investing - Income Portfolios - Thematic Portfolios	- Core Portfolios - Satalite Portfolios - Thematic Portfolios	- Endowus Core - Endowus Income - Endowus Satalite	- Dimensional - WiseIncome	37 portfolios	- Income Portfolio - Asia Portfolio - Global Portfolio
Account Minimum	0	0	0	Dimensional: $100 one-off or $50/month Wiseincome: $1000 one-off or $100/month	$138.06	$1,000	$1
Notes			Endowus provides trailer fee rebates

Amount deposited

Amount earned if held till maturity

Yearly returns	1	2	3	4	5	6	7	8	9	10
Interest	2.81%	2.81%	2.81%	2.81%	2.81%	2.81%	2.81%	2.82%	2.82%	2.82%
Amount earned

If you have no time for the above,

We also created an archetype of ‘the average person’, which will be a ‘one-size-fits-most’ recommendation. So if you have no time, you can just look at that. This is a work in progress, so we will constantly add new product classes in the future.

Who the ‘average person’ is

Age: 30

Monthly gross salary (including employer + employee CPF contributions): $4,680

Monthly take-home salary: $3,200

Emergency savings: $20,000

Where they can consider putting their emergency savings ($20,000) into:

High Yield Savings Account:

SCB Bonus Saver: $826 annual interest

Robo Advisor Cash Management Option:

Low risk | MoneyOwl Wise Saver: $780 annual interest
High risk | StashAway Simple™ Plus: $1,000 annual interest

Singapore Savings Bonds (June 2023):

$562 annual interest
$5,626 interest if held to maturity, 10 years