Asked by Anonymous
ssb is backed by the govt
if govt crashes, u got bigger things to worry about than ssb being risk-free
If only the government cant pay us. But we would have more things to worry about if that actually happens as well.
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.