Fixed Deposit vs Singapore Savings Bond (SSB) vs Savings Account: Where To Put Your Money?
The serious recession, the pandemic and the lowest employment rate in history have emphasised but one very important lesson: that we should have enough savings for rainy days. Yet, a recent OCBC survey revealed that 2 in 3 Singaporeans don’t have enough savings to last them 6 months or more, which is indeed worrying. The importance of having an emergency fund to provide that financial safety net in case of an unexpected financial setback is crucial.……
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