There is so much buzz about investing in the Singapore Savings Bonds. Is it really worth investing in?

If you are looking to diversify your portfolio, i think it is good to have - it's relatively safe/guaranteed and low risks. But the current interest rate is simply too low, not worth it. You can get more money if you buy fixed deposits at some banks imo.

For rainy day / emergency funds, it still serves the purpose well - being guaranteed and relatively liquid. Otherwise, if you are looking for higher risk / returns, then it's not as attractive.

Honestly no, with the current interest rate of 1.7% (and this is the i/r over a 10 year period), banks are better in my opinion, unless you can't hit those conditions necessary to get the higher interests in the savings account.

Alternatively, if you are able to stomach some risk, then you can consider dividend stocks, REITs, ETFs among others. These usually offers around 4-5% p.a., but might have some capital risk involved in a market downturn.

Yes it is, SSB is really the safest investment products, so you can be sure your returns are almosted guaranteed. However, the con is that the returns are quite low at the moment. So do your own due dilligence before attempting any form of investing.