Wednesday, 1 April 2015

Singapore Saving Bonds

This is really interesting and we shall wait and see the details.

This is potentially the saving accounts that most people can park their non-invested money in:



1) no fixed timeline for deposit
2) capital guaranteed
3) potential higher saving with longer duration

http://www.straitstimes.com/news/business/economy/story/singapore-savings-bonds-be-introduced-new-investment-option-retail-inves

Many bloggers have already shared excellent information about Singapore Saving Bonds. Here are 2 official documents that you can find from internet: MAS and Businesstimes

Given that the interest is higher than most banks' saving account, except OCBC 360 (but historically, bank saving interest will drop without you realising), this is the most feasible emergency or liquidity saving account that can yield you almost the highest interest rate in Singapore currently.

I am of course keen and will await more details to be released from the authorities.

Cheers!

Saving Account
Frugal-Daddy




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