Depends on the time horizon of your investment, but even then I am still leaning towards SSBs. SSBs have that unique level of liquidity not present within many of the other types of fixed income securities and savings accounts. SSBs in this month (May 2019 issuance) is starting at 1.95% per year, accelerating to 2.49% on the 10th year and having an average yield of 2.16%. The starting return already can kick most of the fixed deposit accounts provided by the local banks in Singapore to the curb, as they usually offer a 0.5% interest rate for a 6 months~ 24 months timespan. Not only that, the added advantage you can draw out your SSB principal almost any time after you put in, principal guaranteed, is a free insurance stamp of approval by one of the world's strongest governments in the debt repayment department. Can't get any better than that! SSBs website: http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx Fixed Deposits scanner: https://www.imoney.sg/fixed-deposit Note: The Fixed deposits are per annum - meaning that the interest rate displayed is not the actual return you will get if you are getting a FD of less than 1 year. so always be careful of big numbers, they tend to be hiding something the more attractive it is! Example: CIMB FD account of 1.75% p.a for 6 months =/= 1.75% returns on investment!