Saving & Spending
Singapore Savings Bond: Cost to outweigh Benefit?
By My Route To Financial Freedom  •  March 31, 2015
Many of you have probably heard about the Singapore Savings Bond. Essentially fixed deposit that doesn’t penalise for early withdrawal and pays you interest for however long you have been vested in the product. Eg. Buy a 10-year tenure bond and withdraw in Year 5, receive 5 years worth of interest without penalty for withdrawal. If you don’t know about it, here are some reads: MAS Media Release Investment Moats: More details of the Singapore Savings Bond. Looks like my Emergency Fund now. A lot of thoughts run through my mind after I have learnt about this product and I thought it would be good to share it and obtain some views from readers. Credit Crunch in the making? Now that money is unlikely to be going into FDs, this means less money for the banks to work with.  For individual savers, this is good news, but for businesses who ......
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By My Route To Financial Freedom
Aloysius Lee, co-founder, is currently pursuing a degree in Business at Nanyang Technological University (NTU) and is the President of Investment Interactive Club 17/18. He graduated from Singapore Polytechnic (SP) with a Diploma in Banking and Financial Services. During his course of study, he was awarded the SB Business School Achiever Award, UOB Kay Hian Scholarship and Phillip Futures Prize ...
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