Have you been stalking the MAS website for the latest issue for Singapore Savings Bond (SSB) in hopes that the average returns will miraculously go above 2.0% again?

Even though the returns are looking a little more optimistic compared to last month’s, it’s still lagging behind the average inflation rate.

Only after keeping your money inside for 10 years, will you be able to get an average return of 1.76% per annum.

Yea, I know, it’s better than putting it in a regular savings account with interest of 0.05%, but c’mon, you can do better than that…

So, where else can you grow your money with low risk?

Yea, you thought right! You can consider putting your money into a fixed deposit account as an alternative to SSB!

In fact, with the promotional rates that the banks are offering right now, it’s really a pretty good deal!