facebookI'm thinking of investing in SSB. Is there a monthly contribution necessity or can I just park one lump sum from the get go and let it stay there? - Seedly

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Anonymous

25 Feb 2020

Saving Hacks

I'm thinking of investing in SSB. Is there a monthly contribution necessity or can I just park one lump sum from the get go and let it stay there?

Discussion (5)

What are your thoughts?

No requirements for monthly contribution, just take note that you need to purchase it in blocks of $500 (plus a $2 transaction fee regardless of total quantity).

Rais M

Rais M

25 Feb 2020

Accountant at SME

This is a do it yourself investment. If you want to have a monthly recurring interest income, you can consider investing for each month for 6 months straight as it pays interest every 6 months.

Otherwise, 1 lump sump is also good.

There is no monthly contribution. If you want to buy monthly, you will have to buy new bonds issued ...

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