Singapore Saving Bonds vs Fixed Deposit Accounts
We weren't joking when we mentioned that you could treat the Singapore Saving Bonds as a Singapore Savings Fixed Deposit.
In this section, we'll look at the similarities between the Singapore Savings Bonds and the familiar Fixed Deposit Accounts.
You'll be surprised to see how similar they are.
1. Earn Interest
Fixed Deposits
We talked about Bonds should be treated as Fixed Deposits. We've even talked about how it's like being a one man bank to the government. What we haven't talked about is how much interest you get from lending the Government your money.
In the case of bonds, the interest rate goes up with each year that you hold the bonds. Which means the longer you lend the government your money, the more interest you get on the money you loaned them.
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