Today, I discovered a best bank saving account beside investing in Singapore T-Bills (Singapore Treasury Bills), SSB (Singapore Savings Bonds) and Fixed Deposits. This bank saving account has been around for some time. When I looked into more details and compare it with where I have been putting in my money, the interest rate p.a. (per annum) is attractive.
Before revealing this new idea of mine, let us take a look at the interest rate (p.a.) offered by T-Bills, Singapore Savings Bonds and Fixed Deposits.
Singapore Savings Bonds (SSB)
Let me start with Singapore Savings Bonds. This is also where I have been regularly putting in my money.
Singapore Savings Bonds are fully backed by the Singapore Government. You can always get your investment amount back in full with no capital loss. The bonds are held for 10 years. Interest rate increases over time and you can exit your investment by redeeming the bonds...