February 2, 2019

This is a monthly series where I do a comparison of the current issue of the Singapore Savings Bond (SSB) against the past SSB issuances over the last ten years.

MAS has been issuing the SSB every month for over three years now, and many Singaporeans will have heard of it before. They have even started advertising at bus stops and MRT stations. Here are the key benefits:

(Virtually) Risk Free: Backed by Singapore Government with AAA credit rating (Almost) No Fees: There’s only a $2 fee when buying or selling Capital Guaranteed: You will not lose your capital (except the $2 fee) Relatively Liquid: Whenever you redeem (sell) your bonds, the money will be credited to your account on the first business day of next month Low Capital Requirements: Minimum investment of $500

As always, there are some drawbacks:

Holding Limits: Each individual can only own a