5 best regular savings plans in Singapore 2023: Invest with $100 a month

0.88% if you’re below age 30. Otherwise, 0.3% or $5 per counter, whichever is higher0.25% to 0.75% p.a. service feeNote that there are more regular savings plans on the market, but we're focusing on the ones with ETFs, or exchange traded funds only.The DBS Invest-Saver plan lets you invest in ETFs and unit trusts for a minimum of $100 a month.

OCBC Blue Chip Investment Plan lets you invest in companies on the Straits Times Index such as DBS, OCBC, Singtel and Starhub, as well as the following ETFs:Lion-OCBC Securities China Leaders ETFNikko AM Singapore STI ETF Otherwise, you pay a fee of 0.3 per cent or $5 per counter, whichever is higher. Because of the minimum fee, if you're over 30 it's more worth it to invest higher amounts per month.POEMS has a few savings plans available, but we'll focus here on the Share Builders Plan, which lets you invest for as little as $100 per month, making your payments automatically through GIRO. It's open to those above 18 years old, and also allows for joint account application.

Unlike the savings plans offered by DBS and OCBC, which let you receive your proceeds in your regular bank account, you will need to open a separate Philip Investment Account. These include even more niche ETFs like the Premia Dow Jones Em ASEAN Titans 100 ETF and ARK Next Generation Internet ETF . But the selection can be overwhelming for beginners.

You need a minimum deposit of $2,000 to start investing. After that, contribute regularly to your investments on a weekly/monthly basis, with each minimum contribution being $100.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore Changi Airport Terminal 2 to reopen fully in Oct 2023The northern wing of Changi Airport Terminal 2 will reopen fully in October 2023, several months ahead of schedule. What else?
Source: YahooSG - 🏆 3. / 71 Read more »

SEA Games 2023: All eyes on these Singapore athletes in CambodiaAs Cambodia prepares to host its first SEA Games, here are the top Singapore athletes who could make big impacts at the regional meet.
Source: YahooSG - 🏆 3. / 71 Read more »

Mother's Day 2023 Singapore: Mum dines free, buffets, and dining promotionsCall us kiasu, but you should probably be planning your dinner reservation for Mother's Day now, especially if you're looking to score good buffet deals. Mother's Day 2023 is on May 14 and many restaurants close their bookings a week before the actual day. To avoid getting scolded by your mum for doing things at the last minute, it's high...
Source: asiaonecom - 🏆 10. / 59 Read more »

Malaysian jailed 3.5 months in Singapore after concealing HIV status during blood donation - Singapore NewsThe defendant was subsequently found to be HIV-positive through blood testing and admitted during an interview with the Center for Infectious Diseases that he had engaged in physical relations with his ex-girlfriend and a man.
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore rises 10 spots in press freedom ranking - Singapore NewsIn 2023, Singapore is ranked 129th out of 180 countries and territories with a score of 47.88 – the country's highest ranking in five years
Source: IndependentSG - 🏆 9. / 63 Read more »

Singapore band robbed in America while touring; cash, equipment, and recordings stolen - Singapore NewsBand sets up GoFundMe page seeking help, but 'gig still goes on'
Source: IndependentSG - 🏆 2. / 72 Read more »