Saxo Markets' Regular Savings Plan: Singapore's Top RSP?

Saxo Markets' Regular Savings Plan: Singapore's Top RSP?

Best actively managed regular savings plan (RSP) in Singapore.

Good for

  • Individuals seeking professionally managed RSP
  • Those planning to contribute S$100 each month

Bad for

  • Individuals that prefer the cheapest possible savings plan
  • Individuals unable to contribute S$100 each month

Editor's Rating

4.5/5.0

Saxo's Regular Savings Plan (RSP) is one of the best available to consumers in Singapore. Not only does Saxo partner with BlackRock to offer professionally managed, ETF-based, savings plans, Saxo's RSPs only require a monthly contribution amount of S$100 and charge significantly lower fees than other professionally managed accounts.

Summary of Saxo Capital Markets Online Brokerage
Low Minimum Monthly Contribution: S$100
Partnership with BlackRock: Managed ETF Portfolios
Portfolios tailored by risk preference

Table of Contents

What Makes Saxo's Regular Savings Plans Stand Out?

Not only does Saxo Markets offer Singapore's leading online brokerage, its new regular savings plan product is another excellent option. First, the product is a low-cost way to have your savings expertly managed. Saxo Markets partners with BlackRock, the largest asset manager in the world, to provide affordable savings plans built on market leading investment data and analysis.

While Saxo requires an initial investment of S$2,000, this is significantly lower than most traditional wealth managers require, and even less than many leading robo advisors. After this initial investment, Saxo's RSP customers must contribute just S$100 each month. This regular investment allows them to put their savings on auto-pilot and take advantage of dollar-cost averaging (DCA). This technique allows you to spread the risk of each amount you invest by spreading out your purchases over a period of time. Therefore, RSPs can be a good option for those that want to gradually invest without having to worry about timing the market.

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

For those seeking the RSP with the lowest possible fees, Saxo is not the best choice. For instance, there are a handful of plans that charge more affordable fees. Also, if you'd rather take your investment strategy into your own hands, we'd recommend using Saxo's online brokerage platform. However, these alternatives do not offer the same expertise and strategic management of Saxo's RSPs.

What Type of Portfolios Does Saxo Offer?

In order to determine which portfolio best suits their customer, Saxo offers a brief portfolio questionnaire. This helps individuals ensure that they are investing their funds appropriately. For example, individuals can ultimately choose between low-high risk ETF-based portfolios. While past performance is not indicative of future results, the table below helps highlight the varying risk and reward profile of each portfolio type. It is also important to keep in mind that an RSP is designed to be a long-term savings plan.

Saxo's RSP PortfoliosRisk Exposure2017201820192020*
DefensiveLow5.43%-3.54%10.2%-4.46%
ModerateMedium7.94%-6.6%16.6%-13.31%
AggressiveHigh14.05%-8.04%20.64%-17.46%
* Last Updated June 8, 2020

In terms of portfolio composition, the Saxo Defensive RSP portfolio is typically composed of low-risk investments, like bonds. Meanwhile, its Moderate and Aggressive portfolios focus on a mix of stocks, bonds and alternative investments. All portfolios aim to achieve positive, long-term returns by investing in low-cost ETFs.

Saxo's Regular Savings Plans Eligibility Requirements

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

In order to be eligible for Saxo's Regular Savings Plan, individuals must make an initial investment of S$2,000 (previously $10,000) and make monthly contributions of at least S$100. Saxo's RSPs are available to Singaporeans, Permanent Residents (PR) and expats. In order to enroll in a regular savings plan with Saxo, simply click any of the buttons on this page.

  • Initial Investment: S$2,000
  • Monthly Contribution: S$100
William Hofmann

William is a Product Manager at ValueChampion Singapore, focusing on banking and SMEs. He previously was an Economic Consultant at Industrial Economics Inc.

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