facebookWhy do people recommend buying bonds, when you can just keep your money in high interest savings account? - Seedly

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Anonymous

11 May 2020

General Investing

Why do people recommend buying bonds, when you can just keep your money in high interest savings account?

Discussion (13)

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Bonds will give you monthly/yearly interest payments, which are a good source of income for some.

Jeff Yeo

Jeff Yeo

26 Sep 2018

amateur Social contributor at School of social sharing

Bank interest rates are subjected to changes

The bonds are locked in at a fixed rate for a Long term.

Jonathan Chia Guangrong

Jonathan Chia Guangrong

23 Sep 2018

Cybersecurity Trainee at Bank in blue

Banks may change the terms and interest amount any time they want, usually with some notice period. Whereas bonds will pay the coupon rate for the stated period. Bonds may default though, so need to choose the bond carefully. Best if you can get some that are issued by our government if you are looking to buy some. Hope this helps

don't think any savings account in singapore gives high interest than bonds haha. also, savings accounts usually have a limit whereby they do not give the higher interest after the cap

Jay Liu

Jay Liu

23 Sep 2018

Accounting and Finance at ACCA

To hit those 3.x% high yield interest savings account, you have to fulfil the conditions to achieve ...

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