Singapore Saving Bonds (SSB)
Asked by Anonymous
Asked on 23 Mar 2019
My parents have asked that I put their monthly allowance (~1K SGD) into a savings account as they'd rather I help them save it for a rainy day. We are unlikely to touch the money for a while.
I'm debating between CIMB FastSaver, Citi Maxigain and maybe even SSB.
Any thoughts or experiences? :)) Thank you.
SSB I think too much admin as you would need to do monthly purchase.
For Maxigain - it does have a min. of 70k for the bonus interest (which you highlighted but still leaning?), so I would actually think CIMB is better
You might find the article below helpful as a broader comparison as well: