Asked by Anonymous
Asked on 05 Oct 2018
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.
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.
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 :