AMA The Fifth Person
Singapore Saving Bonds (SSB)
Asked on 18 Feb 2019
Low risk, backed by the government, returns slightly above inflation and better than normal low interest savings account.
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!
i would like to know would i assumed that the coming interest rates for the SSB will surely drop due to a recession and covid situation??? (i have been holding SSB for the past few years)