You should build your retirement savings as early as possible. If you already have a lump sum of money, you should protect it from inflation, especially over a long period of time.
Based on the HSBC Future of Retirement survey, nine out of 10 Singaporeans rely on their savings account interest as the top source of income for their retirement savings or when saving for retirement*. With current low interest rates, the interest earned in savings accounts may not be able to offset inflation.
Besides preserving your wealth, you may need to enhance your savings. By investing your money, you may earn potentially higher returns over time.
Products to help you enhance your wealth
Fixed term deposits
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Available in all major currencies and in various tenors
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Offers attractive interest rates (foreign currencies usually) that increase with the deposit amount
Offers potentially higher returns than fixed term deposits if underlying investments perform well or when foreign exchange rates are favourable. May offer regular payouts
The world's local bank 
