Keep Personal Savings Liquid

Keep Personal Savings Liquid

Under a cloud of uncertainty in the present financial and banking turmoil, it seems logical for Singapore savers to keep their personal savings liquid. What does it mean to keep personal savings liquid?

Keeping personal savings liquid certainly does not mean seeing your money turn to liquid and disappear forever. But in these current market upheavals where big banks and reputable institutions dissolve away like ice into water, we are not too far away from that comparative scenario.

In keeping personal savings liquid, we mean that your personal financial assets should be held in accounts or instruments that allow you to access them for use safely, securely and instantly. In this regard, we can think of two places to hide your bundles of cash – under your pillow or in a Singapore savings account.

We are confident you can think of a third way or fourth way to keep your personal savings liquid. Regardless of whether your personal savings are liquid in the safety of a pillow or a Singapore savings account or other unorthodox methods, when financial instability brings about lowered stock values and diminishing investment values, cash in your personal hands can provide the best feeling in the world.

By all means spend on necessities. Things that you want but not need should be deferred in these uncertain times. Saving your monthly personal pay in a safe place is good advice. Keep this personal savings in a location that you can access easily adn securely.

In such difficult financial times, try not to make your savings lose their values. Bear in mind that keeping personal savings liquid allows you to participate in the financial markets after things have stabilized, so that in the resultant upturn, you are ready with your personal liquid cash to jump in and ride the upswing.

So remember to keep your personal savings liquid!

Thank you for reading Singapore Savings Account Rates.

Subscribe for free to Singapore Savings Account Rates now.