Asked by Anonymous

Is the SG Savings Bond really a "risk-free" place to park your money, if you don't intend to hold it to the full 10 years?

1
0
Share this
Answer this question
Add
Add
Select
Clear
Add
Write your answer

Answers (3)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
  • Alan Kor
    Alan Kor
    Level 4. Prodigy
    Answered on 30 Jan 2019

    ssb is backed by the govt

    if govt crashes, u got bigger things to worry about than ssb being risk-free

    Comments (0)
    2
    0
    Share this
  • Nicholes Wong
    Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
    Top Contributor

    Top Contributor (Mar)

    Level 6. Master
    Answered on 30 Jan 2019

    If only the government cant pay us. But we would have more things to worry about if that actually happens as well.

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

    Top Contributor (Mar)

    Level 7. Grand Master
    Answered on 29 Jan 2019

    I would not say anything is truly risk free.

    SSB is very low risk. The risk being the govt defaults, MAS cannot payout.

    Even fixed deposit has risk. The bank might go bankrupt and cannot pay u back.

    Park less than 10 years is ok, ssb allow any time withdraw with 1 month notice period.

    Comments (0)
    0
    0
    Share this