If you are a risk averse person, then yes SSB is a good place to park your money. If you want to get the maximum amount of interest of of it, you should park your money there for the full 10 years.
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01 Jan 2019
Tag Team Member at Kenichi Tag Team
It is a 10 year bond. Best if you can hold it for 10 years for the incremental interest rate every year. Of course there is flexibility to withdraw anytime so this makes it one of the best savings instruments.
Relatively low risk aside from the government collapsing and Singapore going into depression.
30 Dec 2018
Undergraduate at National University of Singapore
If you'd like to make full use of SSB, park your funds for the full 10 years. Then along the way, sh...
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