Hi all! Do you guys include investments in SSB as part of your emergency funds? - Seedly
 

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Asked by Anonymous

Asked on 05 Oct 2018

Hi all! Do you guys include investments in SSB as part of your emergency funds?

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Kishor Bhagwat
Kishor Bhagwat
Level 4. Prodigy
Updated on 07 Jun 2019

Yes, just note that SSB is not immediately available to you, so factor in 1 month lag. It means you can keep 2 months of emergency in really liquid form, and the next 4months in SSB, and withdraw as you need every month.

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Jansen Ng
Jansen Ng

on 03 Apr 2019

Yupp this is good advice👍 i also consider SSB part of my less liquid emergency fund
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Answered on 06 Oct 2018

Yeah for me, I also choose to put it in higher liquid places eg the DBS Multiplier so I can withdraw if I need it urgently.

SSB for me is for longer term sums of money which you may not intend to touch for 5 to 10 years :) Less liquid.

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HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Updated on 06 Oct 2018

Yes but I prefer high interest savings that is truly liquid that can take out anytime like DBS multiplier at 1.85% or more interest paid monthly 7th.

While for SSB, it only pay interest 2 times a year and emergency funds needs to be truly liquid. So I prefer something more easily accessible. Furthermore , 1 year SSB interview is at 1.88% recently updated.

See seedly blog post to find out more :

https://blog.seedly.sg/guide-investing-singapore-savings-bond-ssb-interest-rate-how-to-buy/

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