Quote " Total Guaranteed Minimum Interest of 11% of the Principal Amount over 6 years (equivalent to an effective interest rate of 1.84364% a year)". This is worst case scenario. The best case scenario (fulfills all requirements) pays extra bonus, for max 13.25% for average ~2.095..% Hmmm. the next tranche of SSB will average 2.04% if u hold for 6years. So SSB beats the worse case scenario hands down. In the best case scenario, will barely beat SSB. But probably high chance might not get the maximum payout, so SSB has a high chance to beating it. SSB u can unwind anytime(monthly) without penatly, structured deposit u will not be able to unwind your trade without significant loss. SSB is guaranteed by singapore government, the structured deposit is backed by credit of UOB. SSB can choose to hold longer for higher coupon payout if u do not need the money. For the structured deposit, u suffer from reinvestment risk once it matures as u might not get to reinvest at a similar rate. I do not feel it is worth it to invest in the structured deposit. The upside do not justify . Unless u are a very high networth person who have already maxed out your SSB quota. Do add me on FB if u wish to discuss further.