Looking to invest in SSBs with the most value method
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Rais M
26 Feb 2020
Accountant at SME
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I would prefer to put all in 10k if you are comfortable with it as the interest for ssb will change every month so you might get a lower interest in the following month.
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Hi Jia Jing,
FYI. Current batch of SSB SBAUG19 GX19080E interest yields are lower than Fixed D...
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If you already have the $10k now, I would suggest to split this $10k over 6 months. Say for example, $1.5k a month (can only do multiple of 500) for 6 months. As SSB pays interest every 6 months, this will allow you to have an interest income every single month for the next 10 years.
Of course, you can also choose to do $1k per month for 10 months. You will also get the monthly interest income too.βββ