Singapore Saving Bonds (SSB)
Asked on 15 May 2020
Of course! What with Singlife offering 2.5% per annum, Great Eastern offering a capital guaranteed endowment plan for 1.8% for 2 years, etc. Even banks are offering higher interest rates. Just received a message from UOB about how it’s offering 1.25% interest for a 11-month fixed deposit
Yes for those who are seeking a place to temporary park their money. There are better alternatives available including short term endowment plans, high-interest savings/multiplier accounts, and fixed deposit. Though the risk undertaken is not quite the same, for a short period it is not that significant.
No for those who are seeking safe/low volatile investment as part of their investment/retirement portfolio.
They are two different asset classes. Therefore, the subscription will be based on individual's risk appetite and investment objective.
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