Asked by Anonymous

Do we need to invest $500 monthly if we want to invest in SSB? Or we can just pay a one time off thing of $500 in the initial phase and invest another $500 in the near future?

I’m an undergraduate that is soon graduating and I have some excess cash of $500.

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  • Nicholas Chan
    Nicholas Chan
    Level 5. Genius
    Answered on 06 Oct 2018

    I think it's better u keep the $500 with you; it's $2 to put in & another $2 to withdraw. When u start earning an income, then put more in.

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  • Jeff Yeo
    Jeff Yeo, amateur Social contributor at School of social sharing
    Level 6. Master
    Answered on 09 Oct 2018

    If you can do a larger one time investment this would save on the 2dollars cost to invest.

    unless you are looking to build a bond ladder where you get monthly payouts to your DBS multiplier account

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  • Jonathan Chia Guangrong
    Jonathan Chia Guangrong, Fund Manager at JCG Fund
    Level 6. Master
    Answered on 06 Oct 2018

    Minimum of $500 to start, excluding the nominal fee to buy into the bond. Once you have the next $500, you can't put it into the same issue as the previous one you made and it will have to in the current bond issue. Hope this helps

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  • Jay Liu
    Jay Liu, Sleepyhead at Land of Dreams
    Level 6. Master
    Answered on 05 Oct 2018

    1 time off thing per issue. In the future if you want to invest on SSB again, it'll be another issue. Will reflect on CDP on the issue you're holding.

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  • Gabriel Lee
    Gabriel Lee
    Level 6. Master
    Answered on 05 Oct 2018

    Hi, it is a one time off thing of $500 for that particular month's bond which you can check out in the link below. You can then invest another $500 in the near future.

    http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

    Also, check out this article from MoneySmart to better understand SSB - https://blog.moneysmart.sg/invest/singapore-savings-bonds-review/

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