Singapore Saving Bonds (SSB) - Seedly

Singapore Saving Bonds (SSB)

Singapore Government Backed Bonds

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Investments

Singapore Saving Bonds (SSB)

Bonds

ETF

STI ETF

Robo-Advisors

Stashaway

The short answer is to diversify globally. We are seeing increased global uncertainty. This is the worst time to invest narrowly unless you are a trader or speculator. ETFs are relatively low-cost investments compared to unit trusts. And I would choose a Robo which invests using ETFs and diversifies globally. StashAway has been around earlier. However, SquirrelSave is new but uses machine learning AI to manage each person's portfolio 24/7. I created this after years of managing clients' monies and insurance funds. It was the best I could do until live streaming data made AI come alive. So do check out SquirrelSave and the other auto-investing choices in the market. All the best!

Savings

Singapore Saving Bonds (SSB)

Investments

Bank Account

Pat
Pat

()

Level 4. Prodigy
Answered 3w ago
Hmm, the banks are seeking to lock down capital and have a steady stream of income coming in through recurring GIRO transactions. This is in preparation for a recession actually (and a response to the last recession) so that they have sufficient funds for their war chest. I doubt they will drastically lower their interest rates for these savings accounts, maybe just the top tier interest rate, as they still want consumer loyalty during a recession. As the 10-year average return for this month's issue is 1.95%, I don't think that SSB will be more beneficial in the LR. I don't see SSB issues improving in the near future, so I think it is still best to maintain your multiplier or look for short single premium endowment plans which offer you an interest above 2.2%. My two cents here, would love to discuss more with you.

Investments

Savings

Singapore Saving Bonds (SSB)

Bonds

Have you considered other types of bonds or corporate loans? Got this corporate loan that is backed with PARF value from LTA, which I assume is also similar to government assets https://timelyenterprise.com.sg/better-returns-than-singapore-saving-bonds-similar-risks/ (for those who don't have cars, PARF value is like a sum of money you pay to LTA for a new car, LTA will only refund you when you deregister your car)

Investments

Fresh Graduates

STI ETF

Stashaway

REITs

ETF

Savings

Singapore Saving Bonds (SSB)

Robo-Advisors

Regular Shares Savings Plans (RSS)

Harvey Tan
Harvey Tan

()

Level 5. Genius
Answered on 13 Aug 2019
If you want a hands-off approach towards investing, you may want to consider robo-advisor

Investments

Savings

Singapore Saving Bonds (SSB)

To me, SSBs are an alternative to FDs, without the lock in of a FD, and with a comparable return to boot. Considering the alternative of leaving it in the bank with 0.05% interest, I would park my warchest for investing in several tranches of SSBs and liquidate them when market opportunities present themselves.

Savings

Singapore Saving Bonds (SSB)

Investments

Pat
Pat

()

Level 4. Prodigy
Answered on 03 Aug 2019
Hi! It is through the bank which you bought the SSB from. Mine is through OCBC and basically you go to Singapore Government Securities under Invest, and instead of clicking "Buy" you click "Redeem". You can only "withdraw" within the working hours of SSB which is weekdays 9-5 I think hahah and if you are withdrawing it now i.e. early August, do note your money will only be back in your account next month :)

Investments

Singapore Saving Bonds (SSB)

I would advice you to get more knowledge first. You can find many resources online, and beefing up your own knowledge doesn't cost a cent, but will save you from making the wrong financial decisions later on. Once you have a firm grasp of the fundamentals, you can speak to a independent financial advisor like myself to refine your knowledge and plug any gaps before you start. The worst thing you could do now is to rush in. I presume you are still very young and hence time is still on your side.

Singapore Saving Bonds (SSB)

Savings

Investments

Terence Tan, CMT
Terence Tan, CMT, Head of Education at IG Asia

()

Level 2. Rookie
Answered on 19 Jul 2019
Do 50/50 SSB and a savings account somewhere. The started SSB will grow into something more which you can allocate to other investment pots in years to come, and the savings acc will be there for the really rainy days (and if really need to cash out the other SSB half, i'm sure the savings acc half can buy some time :)

Family

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General

Singapore Saving Bonds (SSB)

Fan ZD
Fan ZD, Employee at A Bank

()

Level 3. Wonderkid
Updated on 17 Jul 2019
I do as my parents did. Keep it for them and put into the joint bank accounts. Use these to teach them the concept of income and expense budgeting.
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