Anonymous

06 Aug 2019

∙

General Investing

Why do you put your money in Singapore Savings Bond (SSB)?

I understand that SRS is to reduce your tax amount but how about SSB? Why do people usually invest in SSB?

7

Discussion (7)

What are your thoughts?

Learn how to style your text

Kenneth Chan

06 Aug 2019

Cheap.
"Risk-free". The idea is that if SSB GG then Singapore also GG.
SRS can invest into SSB too.
It's better than sittting in your 0.5% interest bank account.

Do note that redemption takes about 1 month though, so don't pour all your emergency funds into it.

Reply

Save

Josh Tan Jian Liang

06 Aug 2019

Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd

Hi there,

SRS is for retirement buy SSB is for liquidity (anytime use). Many buy the Singapore Savings Bond for that reason only but at current rate of 1.6+% for the coming few years, it's not too ideal at current moment.

If you would like to find out more on SSB, I've created this formula which is the WAG formula to help you understand it. https://www.youtube.com/watch?v=HDL88ewqSnM&

Reply

Save

Tee Hon Eng

06 Aug 2019

Transcation fee relatively cheap at $2. High liquidity. Unlikely to be defaulted. If you have DBS mu...

Write your thoughts

Related Posts

The recent Singapore Saving Bonds interest looks good. Should i put my money in SSB or endowment. Can endowment really able to deliver a better returns vs SSB

Do you think that I should invest in Singapore Savings bonds vs putting my money in an OCBC 365 or UOB One account?

Hi seedly! I have a question: if T-bills have higher yield% and shorter duration as compared to SIngapore savings bonds (10 years), how come people are still putting into SSB?

Hi, I've emergency savings, purchased SSB and a unit trust. I'm also saving for a house. Is my financial portfolio diverse enough at the moment or should I invest in REITs/stocks? I'm stuck between putting my money into savings or investing?

"You can expect your first interest 6 months after the bonds are issued." What does this sentence mean for the Singapore Saving Bonds (SSB)?

Related Posts

The recent Singapore Saving Bonds interest looks good. Should i put my money in SSB or endowment. Can endowment really able to deliver a better returns vs SSB

Do you think that I should invest in Singapore Savings bonds vs putting my money in an OCBC 365 or UOB One account?

Hi seedly! I have a question: if T-bills have higher yield% and shorter duration as compared to SIngapore savings bonds (10 years), how come people are still putting into SSB?

Hi, I've emergency savings, purchased SSB and a unit trust. I'm also saving for a house. Is my financial portfolio diverse enough at the moment or should I invest in REITs/stocks? I'm stuck between putting my money into savings or investing?

"You can expect your first interest 6 months after the bonds are issued." What does this sentence mean for the Singapore Saving Bonds (SSB)?