Minimum DepositGenerally, both SSB and FD in Singapore are low-risk investment tools that are easy to understand and easily accessible.The main differences to take note of for individuals considering between the two investment tools are the duration of investment, liquidity and the minimum deposit.
Individuals who do not have an emergency stash of at least six months of expenses are advised to go for SSB instead as there are no early withdrawal penalties. The capital required required for FD in Singapore is generally higher than SSB, which only requires a minimum of $500 to start investing.
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