I have been placing my mum’s money into SSB monthly since she can earn a better interest rate as compared to placing her money in the bank.
I am trying to have her put in a fixed amount each month into SSB so that she can get a small amount of money every month which is a small supplement for her.
This can also help her save more since she is still working right now and the small supplement can help her a bit if she were to retire like maybe to pay some bills.
Feb 2019 Interest rate When we compare Feb 2019 with Jan 2019 interest rate, we can see a drop in interest rate and when you compare Feb 2019 with Feb 2018, the interest rate is lower in Feb 2019. Feb 2018 Interest Rate
My mum loves the idea of SSB since I introduced it to her