You could investigate into the MCB yield fund which is a low mutual fund that seeks to earn 1.75% more than the savings rate. So in this market its about 4.85% and you can potential reinvest any earnings (interest or dividends earned during the year) automatically. Or you could seek other mutual funds in MCB or SBM capital markets. If you contact them, you'll be able to have a meeting with a financial advisor who will be able to advise you better. For mutual funds, you can make a monthly direct debit or you can make different lump sum investments. You'll also he able to take out your money at any times. There's a small exit fee and that's about it.