I just saw the news that there was a four-hour queue to put their money into fixed deposits. Interest rates are rising and banks are increasing interest rates to attract funds. Why are people queueing up for such long hours when we can apply for Singapore Saving Bonds online with comparable rates? If you see your parents or elderly loved ones queueing up for fixed deposits, you might want to talk to them about considering SSBs as one of the vehicles for their cash. I will touch on the steps on how to get into SSBs from scratch.
Disclaimer: All comments on this blog site are an expression of opinion. You are recommended to consult with a licensed, qualified financial advisor before making any financial decisions.
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