I am always on the look out for the best place to park my money. This is one of ways I accumulated $100k cash savings before 28.

So when I came across the Feb 2018 Savings Bond, my eye popped. The SSB is not new to me. I’ve subscribed it twice – one in Oct 2015 (the first SSB), and the next in May 2017 – at $5k each. The interest rates are pasted below for reference:

Oct 2015:

May 2017:

Both bonds gives me decent interest rate. However, the con is to hold it out for 10 years before I receive an effective interest of above 2%.

Imagine my delight when I realised that the Feb 2018 SSB gives me 1.55% just after 1 year. That beats any fixed deposits out there. Furthermore, I can redeem my Savings Bonds in any month before the bond matures, with no penalty …