Singapore Savings Bonds (SSB) is classified as one of the lowest risk investment in Singapore, mainly due to the fact that SSBs are offered by the Singapore Government and also backed by them. If you like to know more about SSB, you may read about them here.   TL;DR – Have Both in your Investment Portfolio SSB – An amount set by your bond allocation in your investment portfolio. Fixed Deposits – Your emergency funds. Fixed Deposits Constantly updating their interest rate offer. I did a quick search on the current Fixed Deposit rate with the lowest deposit required: Banks DBS OCBC UOB Interest Rate per year 1.2% 1.25% 1% Duration (Locked-in) 5 years 4 years 3 years Min. Deposit amount (S$) 1,000 5,000 ......