facebookHi there, i would like to seek your opinion on singapore savings bond. Is it good to park my money there and for roughly how many years? Thanks for your help in advance.? - Seedly

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Hi there, i would like to seek your opinion on singapore savings bond. Is it good to park my money there and for roughly how many years? Thanks for your help in advance.?

Discussion (7)

What are your thoughts?

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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Gabriel Tham

Gabriel Tham

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.

Gabriel

Gabriel

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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