Here is a higher yielding, safe way to save your money that you have no idea when you will need to use it, or your emergency fund.

The Jan 2018’s SSB bonds yield an interest rate of 2.11%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB,OCBC, DBS)

However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your interest rate is 1.42%/yr.

$10,000 will grow to $12,140 in 10 years.

This bond is backed by the Singapore Government and its available to Singaporeans.

You can find out more information about the SSB here.

Note that every month, there will be a new issue you can subscribe to via ATM. The 1 to 10 year yield you will get will differ from this month’s ladder as shown above.

Last month’s bond …