Best Regular Savings Plans in Singapore 2021

Regular savings plans (RSPs) are a handy way to regularly put away money for the future, while pursuing higher returns and the benefits of dollar-cost averaging. Our investing team has identified the best RSPs available to help you find one that suits your needs.

Best Managed Regular Savings Plan: Saxo Markets

Consider this if you prefer a regular savings plan with actively managed portfolios and competitive fees

Minimum Initial Investment S$2,000
Minimum Monthly Contribution S$100

Saxo's Regular Savings Plan gives individuals access to portfolios managed by Saxo Markets and BlackRock. Not only that, but Saxo's savings plans come with competitive fees (0.75% annually) and a low minimum monthly contribution requirement (S$100). Additionally, Saxo gives customers flexibility in terms of their preference for risk by letting them choose portfolios based on risk tolerance. While Saxo requires a minimum initial investment of S$2,000, they do not charge any platform, entry and exit, or custody fees. Since Saxo's Regular Savings Plans are much cheaper than other types of managed portfolios (e.g. wealth managers), this option is a good investment.

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Initial Investment RequirementS$2,000
Minimum Monthly ContributionS$100
Annual Service Fee0.75%
Transaction FeesN/A

Cheapest Regular Savings Plan: FSMOne ETF RSP

Consider this if you seek the lowest cost option

FSMOne's ETF-based Regular Savings Plan (RSP) is a great option for those seeking to make small investments each month at a very low cost. FSMOne doesn't ask for a principal investment amount, only charges 0.08% (min. S$1) per transaction, and allows individuals to contribute as little as S$50 each month. Additionally, FSMOne's RSP gives individuals access to more than 40 ETF counters listed international exchanges, which is wider market access than many of its competitors offer.

ETFsUnit TrustsManaged Portfolio
Initial Investment RequirementS$0N/AN/A
Minimum Monthly ContributionS$50S$100S$500
Annual Service FeeN/AN/A0.35% - 0.50%
Transaction Fees0.08% (min. S$1)N/AN/A
Platform Fee0%0.05 - 0.0875% per quarterN/A

Best Promotion: DBS Invest-Saver Savings Plan

Consider this if seek a regular savings plan with a competitive promotion

The DBS Regular Savings Plan (DBS Invest-Saver) is currently offering up to S$125 cashback in the form of rebates on transaction charges, which is the most competitive promotion on the market. DBS's Regular Savings plan comes with a manageable minimum monthly contribution of S$100 and offers access to 4 ETFs and a range of unit trusts. DBS also offers a competitive savings account which can be seamlessly linked to its Invest-Saver Savings Plan. While their platform fee is 0%, DBS charges an above average monthly sales charge of 0.5%-0.82%, depending on whether you invest in ETFs or Unit Trusts. Their promotion makes choosing DBS an attractive option, especially for those with DBS Multiplier Savings Accounts.

Initial Investment RequirementS$100
Minimum Monthly ContributionS$100
Annual Service FeeN/A
Transaction Fees0.5% - 0.82%
Platform Fee0%

Best Regular Savings Plan for Kids: POEMS Junior Share Builders Plan

Consider this if you want to open a regular savings plan for your child

The POEMS Junior Shares builder plan is a great choice for parents seeking to open a savings plan for their child. Unlike most other regular savings plans, the Junior Share Builders Plan allows individuals to open a joint account with a child under the age of 18. With minimum monthly contributions of S$100, this is a good way to commit to regularly putting away money for your child's future.

Initial Investment RequirementS$100
Minimum Monthly ContributionS$100
Annual Service FeeN/A
Transaction FeesS$6-S$10

Frequently Asked Questions

Want to learn more about Regular Savings Plans? Here are some answers to commonly asked questions.

Regular Savings Plans (RSPs) allow you to invest a set amount of money each month without incurring high fees or worrying about timing the market. You don't need to have a lot of money saved up before acquiring one of these plans, and you can earn more than if you were to leave your money in your bank's savings account. This makes RSPs ideal for those who want to accumulate savings over a long-term.

Dollar-cost averaging is when you purchase more shares when prices are low and fewer shares when prices are high. This method helps individuals lower their total cost of investing, compared to a one-time, lump sum investment.

Many RSPs come with low minimum contributions (S$50 - S$100) and affordable fees, so finding plans with low monthly and annual costs is a good place to start. Moreover, RSPs are segmented into 3 categories. The plans are all similar in that they all leverage dollar cost averaging and require a set contribution each month. However, they differ in terms of their investment approach and fee structure. Depending on your preferences, each type of plan has its advantages and drawbacks.

Regular Shares Savings Plans

Regular Shares Savings plans allow individuals to invest in index funds or shares of companies, based on their monthly contributions. These are attractive to those that like to choose their own investments. These plans typically charge fees per transaction (usually on a monthly basis).

Regular Savings Plans - ETFs

In addition to investing in index funds and stocks, individuals can also choose to invest in ETFs. These are usually the lowest cost option, with slightly lower than average transaction costs. They also offer some level of diversification, since investors are able to invest in funds with a variety of compositions.

Actively Managed Regular Savings Plans

Some investors may wish to contribute their funds to actively managed funds, such as unit trusts. These plans are noticeably different from the others because they charge a management fee based on the total account balance on an annual basis.

Regular Savings Plans in ValueChampion's Review
Citibank Regular Savings PlanDBS Invest-Saver
FSMOne RSP ETFFSMOne RSP Managed Portfolio
FSMOne RSP Unit TrustOCBC Blue Chip Investment Plan
POEMS Junior Share Builders PlanPOEMS Recurring Plan RSP
POEMS Share Builders PlanPOEMS Unit Trust Regular Savings Plan
POSB Invest-SaverSaxo Regular Savings Plan
Standard Chartered Regular Savings PlanUOB Regular Savings Plan
Stephen Lee

Stephen Lee is a Senior Research Analyst at ValueChampion, specializing in insurance. He holds a Bachelor of Arts degree in International Studies from the University of Washington, and his prior work experience include risk management and underwriting for professional liability and specialty insurance at Victor Insurance. Additionally, Stephen is a former US Peace Corps Volunteer in Myanmar (serving between 2018-2020), where he continues to provide business development consulting services to HR companies in Asia Pacific.

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