Anonymous

11 Sep 2022

∙

Fixed Deposits vs SSB

With the rising interests rates, how does one decide between putting their $ into fixed deposits/SSB??

Currently 21, looking to deploy my $20k from my SC Jumpstart Account since the interest rates there aren't that attractive anymore. (Ps not looking to invest this $, just looking for somewhere to provide a decent interest for these savings/emergency funds)

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XY

11 Nov 2022

SSB lets you earn the interest for 10 years so it's good if interest rates were to fall during this period

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YOC

07 Oct 2022

SSB is easy

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Danny Lee

17 Sep 2022

SSB is decent.

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Lim

16 Sep 2022

Singlife is pretty good from October

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Javier Tan Yan Kai

16 Sep 2022

Actuarial Analyst at AIA

Emergency funds might be more suitable in ssb...

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SSB vs Fixed deposit?

For saving plans, do you prefer high flexibility with lower returns (Eg. saving accts, SSB, flexible insurance savings plans) or no flexibility with higher returns (Eg. fixed deposits, endowments) ?

Would it be a better choice to invest in SSB or put my money in a fixed deposit?

Should I put my money in SSB or fixed deposits?

If getting self-educated in the stock market is easy, why do people still grow their wealth through fixed deposits or SSB?