UOB One Card
Singapore Saving Bonds (SSB)
OCBC 365 Credit Card
Asked by Anonymous
Asked on 25 Sep 2018
Have a sufficient balance in your savings account. E.g. Having the min balance + some spare cash to use. Then the rest you can put into SSB. If you can hit the conditions for High(e.g. 3%) interest, you can consider just putting in the savings account itself.
SSB is good to replace fixed deposits but we also need cash in bank account for bills and expenses.
It is good to invest in SSB but leave some in those accounts for expenses and bills while earning better interest.
If you need the money in a short term window then putting it in a savings account is better
if you do not need it anytime soon then put it into SSB.
If capital is not an issue a combination would be good. Everyone has daily spending so when you combine both the spending and savings Acc that’s a plus
it depends on whether you'll need the money to buy any big ticket items (such as house, car, or baby coming soon, etc) anytime soon. If yes, then putting it in a high interest savings account is better. If you can leave the money untouched for years, then I'd suggest getting the SSBs :)