Asked by Jared Ho

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.?

Share this
Answer this question
Write your answer

Answers (5)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
    • Gabriel Lee
      Gabriel Lee
      366 Answers, 557 Upvotes
      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

      Comments (0)
      Share this
    • Gabriel Tham
      Gabriel Tham, Kenichi Tag Team Member at Tag Team

      Top Contributor (Jan)

      421 Answers, 749 Upvotes
      Answered on 01 Jan 2019

      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.

      Comments (0)
      Share this
    Loh Tat Tian
    Loh Tat Tian

    Top Contributor (Jan)

    232 Answers, 331 Upvotes
    30 Dec 2018

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

    Its effective rate of interest or IRR is at 2.43% for the latest batch.

    Its liquidity is about 1 month. Many people put in 3 months of emergency funds into it.

    For parking of your money, it depends on what is the use of the money. It is best suited as a secondary fund which requires liquidity (hence people put half of their emergency funds in.

    Sign Up or Log In here
    Sign in now to unlock 3 more answers to this question!
    Sign In with Facebook

Download Seedly’s free

Expense Tracking App
Download on the App StoreGet it on Google Play
  • Sync all your banks in one place
    Sync all your banks in one place
  • Quickly add transactions and view reports
    Quickly add transactions and view reports
  • Community Q&A and blog integration
    Community Q&A and blog integration