Today we are going to talk about the Singapore Savings Bond (SSB)We all should save to reach our financial goals.💰💰
I recently had someone asking me about it and I came up with this simple formula.Maybe you already have some savings in it and that’s great!
But if you haven’t,
Watch this video my simple explanation using WAG formula 🎓
➡ W: Withdrawal➡ A: Anyone➡ G: Guaranteed
Withdrawal: Yes you may withdraw anytime from the Singapore Savings Bond. There is no lock-in period and when you sell, funds come back as soon as next month. And with accrued interest!
Anyone: Companies can’t apply. Sorry fellow business owners. But any individual with a CDP and OCBC/DBS/UOB account can apply for it.
Guaranteed: Yes Principle guaranteed. Not just that, interest is also guaranteed.
The latest rate April2019 rates, about 2%p.a
If you would like to know more, I’ve in this video my full analysis: https://www.youtube.com/watch?v=HDL88ewqSnM
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