Singapore Savings Bonds are issued by the Singapore Government, to provide Singaporeans with a safe and flexible option for a long-term saving of up to 10 years. What happens if the interest rate that is declared is a better rate than what you invested at? Let us find out more below!
Advantages: No penalty for individuals who wish to get their investment back early (the longer one holds on to the bond, he is then rewarded with a higher interest rate) One of the safest product rating in the market (backed by the Singapore Government) Start investing with as little as S$500 Disadvantages: The interest rate is low initially and only gets higher towards maturity Long-horizon of 10 years The Singapore Savings Bonds promise different returns every month, which makes it impossible for investors to plan aheadPossible Hack to your SSB investing game
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