facebookHi there, i would like to seek your opinion on singapore savings bond. Is it good to park my money there and for roughly how many years? Thanks for your help in advance.? - Seedly
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Jared Ho

Asked on 30 Dec 2018

Hi there, i would like to seek your opinion on singapore savings bond. Is it good to park my money there and for roughly how many years? Thanks for your help in advance.?

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Answers (5)

Gabriel

Gabriel

Level 8. Wizard

Answered on 30 Dec 2018

If you'd like to make full use of SSB, park your funds for the full 10 years. Then along the way, should you need the money or find other better alternatives which offers higher returns, you can redeem the funds earlier without any penalty

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It is a 10 year bond. Best if you can hold it for 10 years for the incremental interest rate every year. Of course there is flexibility to withdraw anytime so this makes it one of the best savings instruments.

Relatively low risk aside from the government collapsing and Singapore going into depression.

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Thank You!
Can you clarify
I wonder if
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Loh Tat Tian

Loh Tat Tian

Level 8. Wizard

Answered on 30 Dec 2018

Singapore Savings Bond is a 10 year bond that pays coupon which step up every year.

Its effective r...

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