It was a great two years for many of the savers. FED keeps increasing interest rate and as a result, savers (those who don’t like to take risk in equities) are crying for joy! If one goes around, can easily get 3% for Fixed deposit these two years or locked more than 3% under SSBs for 10 years!
Of course, I took the opportunity to bump up the SSBs for me and my spouse such that we will get super safe regular income for about $980+ per month on average for the next 10 years. Considered that our typical household expenses are about $3k per month, this covers about 1/3! However, of course should there be great bear that comes, it will be time to activate warchest. The most sad case is no warchest to buy when things are on sale. Then next important will be courage.
Saving Options for Dec 2024
Option 1: Singapore Saving Bonds – SBJAN24 GX24010F...
