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? - Seedly

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Singapore Saving Bonds (SSB)

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Asked by Anonymous

Asked on 29 Jan 2019

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?

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Alan Kor
Alan Kor
Level 5. Genius
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

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

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Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 8. Wizard
Updated 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.

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