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Anonymous

06 Aug 2019

∙

General Investing

Why do you put your money in Singapore Savings Bond (SSB)?

I understand that SRS is to reduce your tax amount but how about SSB? Why do people usually invest in SSB?

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Kenneth Chan

06 Aug 2019

Cheap.
"Risk-free". The idea is that if SSB GG then Singapore also GG.
SRS can invest into SSB too.
It's better than sittting in your 0.5% interest bank account.

Do note that redemption takes about 1 month though, so don't pour all your emergency funds into it.

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Josh Tan Jian Liang

06 Aug 2019

Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd

Hi there,

SRS is for retirement buy SSB is for liquidity (anytime use). Many buy the Singapore Savings Bond for that reason only but at current rate of 1.6+% for the coming few years, it's not too ideal at current moment.

If you would like to find out more on SSB, I've created this formula which is the WAG formula to help you understand it. https://www.youtube.com/watch?v=HDL88ewqSnM&

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Tee Hon Eng

06 Aug 2019

Transcation fee relatively cheap at $2. High liquidity. Unlikely to be defaulted. If you have DBS mu...

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