Savings Vs Investment

[zakashi]

The safest is SSB

What is SSB?

I prefer balance of savings and investment.

Spore Saving Bonds

How does it works?

[starlight1968sg]

For SSB, pls see
http://www.sgs.gov.sg/savingsbonds.aspx

[zakashi]

For SSB, pls see
http://www.sgs.gov.sg/savingsbonds.aspx

Read. SSB is similar to FD. Will consider SSB.

[starlight1968sg]

For SSB, pls see
http://www.sgs.gov.sg/savingsbonds.aspx

Read. SSB is similar to FD. Will consider SSB.

strictly speaking, SSB is not the same as FD. The former is backed by govt and the interest rate is step up, payable twice a year.

[Gilian039]

One of the biggest questions at the back of my head. Savings or Investment? Concentrating on SAVING rather than minute details of investing, you are stacking the odds in your favor while also freeing up time for the real deal – maximizing your fun in a cash-efficient way.

[starlight1968sg]

Savings give low return; investments are likely to give higher return though come with the associated risk

[CarolW]

You may lose some or all of the money you invest. You can earn interest by putting money in a savings account, but savings accounts generally earn a lower return than investments. Investments have the potential for higher return than a regular savings account. Your investments may appreciate (go up in value) over time. Remember: the greater the risk of an investment, the higher potential return or loss of your money.

[jasminekokoro]

If you are looking at 5-7k, its better to just put in savings. The returns on fixed deposit may be low, but the returns from investment with just 5-7k is not much higher too and its not worth the risk. I would recommend the Singapore Savings Bond.

[jho48109]

saving is putting your money aside, typically into a bank account. You generally save for a particular goal, like paying for a car, a deposit on a house or any emergencies that might came up while investing is using some of your money with the aim of making it grow, by assets that might increase in value such as stocks property or shares in a mutual fund.

[JyTuition]

Do consider the Singapore Savings Bonds. The interest rate has been increasing.