Why is SSB's interest rates getting lower and lower just when I decided to buy it? Should I wait it out?
I have $15k cash sitting in my POSB saving acc and I want to play around with it to earn more by next month. I deposit $200 in StashAway and $200 in the DBS RSP (STI/Nikko) monthly. I do not want to put all eggs in a basket but still want to earn some interests for 1-2 months before I start spending on my marriage. Should I start buying the SSB bond now instead of waiting for next month then?
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Cedric Jamie Soh
29 Aug 2019
Director at Seniorcare.com.sg
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Jeff Yeo
11 Aug 2019
amateur Social contributor at School of social sharing
I think it would better to deposit the money into the UOB one acc/ OCBC 360 or DBs Mulitplier rather than continue with SSB.
Have you maxed out to the max sum for each of those accounts ?
The current SSB returns are not fantastic and time frames are long.
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If your time frame is only two months, why do you need to consider SSB? Granted the transaction fee ...
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Have you considered other types of bonds or corporate loans?
Got this corporate loan that is backed with PARF value from LTA, which I assume is also similar to government assets
https://timelyenterprise.com.sg/better-returns-...
(for those who don't have cars, PARF value is like a sum of money you pay to LTA for a new car, LTA will only refund you when you deregister your car)