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I blogged about the Singapore Savings Bond (SSB) earlier this year and shared how it made sense for me to park some of my spare cash in it.
It is considered near money (with no penalty for early withdrawal) but still not as near as money in a savings account or stored in a moon cake tin at home.
Who stores money in a moon cake tin at home, you asked?
Alamak, if you asked that, you must be new to my blog.
OK, I know.
Bad AK! Bad AK!
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| Easy to apply with internet banking. |
Anyway, I did not put in the max $100,000 which each Singaporean is allowed to have in the SSB earlier in the year because I suspected that with interest rates rising, the coupon could be higher later on.
It was 1.55%.
Now, 6 months later, it is 1.72%.
After receiving a chunk of change from reducing my investment in ComfortDelgro, I want to lock up some of the gains in my war chest.
So, I will be putting some money in the SSB again.
With this, still, I would not be maxing out the allowance of $100,000 per Singaporean.
The closing date for application is 26 June 2018.
Plenty of time.
For more on why I like the Singapore Savings Bond now, read the related post below.
Related post:
Singapore Savings Bond (Jan 2018).
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