More details about the Singapore Savings Bonds (SSB) was announced by the Monetary Authority of Singapore (MAS) last Monday. This is an entirely new initiative by the Government to ensure that citizens have another long term savings option with better than CPF returns. We think it is a great product that all eligible Singaporeans should subscribe to.
At the same time, we also understand that in general, retail investors are more acquainted with equities. Far and few are familiar with bonds and the bond market. For many, bonds are an extremely foreign instrument. They are thought to be the domain of high net worth individuals and institutions. The thought of putting hard earned money into something so unfamiliar is a rather off-putting one.
For all of you who think that way, we offer one little hack to help you understand the Singapore Savings Bond better - Treat the Singapore Savings Bond ......