My First Singapore Savings Bond (SSB) Application

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Just applied for my first SSB of $10,000! We figured out that we did not need the cash for the upcoming BTO downpayment as we will have enough grant ($30,000 under the Additional Housing Grant) and CPF to cover everything. This amount will be put aside for the payment in year 2022/2023, which is in 4-5 years time. This means that we will accumulate an effective return of 1.65-1.71% per year according to their interest calculator on their website.

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I’ll be adding more cash into SSB if I have the capacity, I feel that I wouldn’t want to risk it in the stock market (although I know that we can get better returns in the market if we did so). Furthermore, nowadays it’s pretty hard to find a good stock to invest in. Risk free 1.65% (minimum), why not? Better than letting the money rot in the bank right! CASH IS KING?

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