Worth mentioning that there is currently a high number of CDP account applications and they are taking longer than usual to process the applications! Hoping it isn't as delayed as our passport renewal, but from the email I received, it is now minimum 20 business days 😢 Applied for the account on Oct 18 hoping to get it processed and opened/activated in time for the Nov issuance, but no news since then, will likely only be able to invest in Dec or Jan 2023.
Let me check you with. Singapore saving bond term is up to 10 years. Let’s say if I want to withdraw after 2 years, can it be done? or we have to wait unit 10 years?
Hello Madam I just want to ask from you about on how to invest in Singapore savings bank because I'm a foreigner? Is there any requirements? Thanks in advance 😊.
Hello Demi, thank you for the insightful video and make me wanted to start invest in SSB. I am looking at T-bills as well and wonder if you have a video of how to invest in T-bills or thoughts of investing in both SSB and T-bills vs all in just SSB
Hello! Ah as of now I don’t have but just my thoughts here - T-Bills are shorter durations and not flexible. 6 months or 1 year, your money is locked in. Whereas for SSB’s its a 10 year tenure, you’re locking in the interest rates for that period of time but should you need the money, redemption (depending on which day of the month you do it) is pretty quick. Really depends on where you’re at financially and stage of life to incorporate both respectively.
@@DemiZhuang Thank you for the prompt response and helping me gain more information of the different investment options. Continue to produce good content video!
For cash where does the dividend (payout) goes? Into the bank account? Or CDP account? For SRS can you advise if it goes to srs account? Can the amount be used for new srs contribution? Do you know how these 2 works?🤔
@@DemiZhuang thanks Demi. Regarding the allotment. Have you experienced not getting full allotment before? How was the money returned and was there service fee?
Hi! thank for the video and it is uper clear. I have a question about how to redeem the SSB. Can i redeem more than one SSB? or i can only redeem one ssb per month, understand there will be a $2 per transaction. thank you.
Hi, I don't but the interest is basically paid up front. i.e. you invested 10,000, receive the interest today and 6 months later the capital gets returned back to you.
