What are some benefits of investing in SSB? - Seedly

AMA The Fifth Person



Asked by Anonymous

Asked on 18 Feb 2019

What are some benefits of investing in SSB?


Answers (2)

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Low risk, backed by the government, returns slightly above inflation and better than normal low interest savings account.

1 comment

Hariz Arthur Maloy
Hariz Arthur Maloy

18 Feb 2019

And liquid! :)
Zann Chua
Zann Chua
Top Contributor

Top Contributor (Mar)

Level 6. Master
Answered on 18 Feb 2019

Hello! Here are some benefits of the SSB.

Firstly, you will not inflict a penalty for early redemption. There is no penalty for getting back your investments, your investment can be redeemed within one month of application.

Next, it is fully backed by the government, thus the risks are very low. SSB is one of the safest product in the market.

Also, a large capital is not needed in order to invest in SSB. The minimum investment is $500, making it rather affordable.

Hope these helps!