I'm thinking of investing in SSB. Is there a monthly contribution necessity or can I just park one lump sum from the get go and let it stay there? - Seedly

Savings

Asked by Anonymous

Asked on 19 Oct 2018

I'm thinking of investing in SSB. Is there a monthly contribution necessity or can I just park one lump sum from the get go and let it stay there?

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Gabriel Lee
Gabriel Lee
Level 6. Master
Answered on 19 Oct 2018

For the Singapore Savings Bond, it isn't a monthly contribution necessity. You can just park one lump sum and let it stay there.

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Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 4. Prodigy
Answered on 19 Oct 2018

Ssb is basically a bond. You can only apply every opening and there's a cap of 100k across all the successful applications. I suggest doing one huge sum to reduce your cost ($2 each application and redemption) . Do note that it's via balloting so you may or may not get the full sum you applied for.

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