Asked by Anonymous
Updated 2w ago
I’m an undergraduate that is soon graduating and I have some excess cash of $500.
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.
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
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
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.
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.
Also, check out this article from MoneySmart to better understand SSB - https://blog.moneysmart.sg/invest/singapore-savings-bonds-review/
See all 3 comments