Quote:
Originally Posted by retirebatam
Yes now placing money into Fix Deposit can be considered as a safe haven as it is subjected to almost zero risk and give moderate rate of return. 
Even if the bank becomes bankrupt not to worry as the deposit insurance scheme Singapore dollar deposits are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 per depositor.  |
Besides FD, SSB can be another source of investment with zero risk too. AAA. However its so difficult to put in big amount cos oversubscribed every month. I only managed to get 10K.
Yes. Only guaranteed up to 75K. Whereas SSB fully guaranteed. But max deposit 200K.