Hi fren,

Call UOB just now said they didnt offer FD interest 4.5% pa for 12 month.
Anyone that I can call to confirm about this promo.
Thanks

Bond can be doing badly when interest rate environment is raising.
It is not guaranteed.

Bonds shine for the previous few years due to massive QE, it doesn't mean future will be the same again.
Mind that some low quality bond can be defaulted if economy situation going south time. whereby one can make a loss in investing bond.

So it is different preposition to be compared to FD.

Triple B rating bonds is not something we called lowest risk securities... 
Triple B rating is just a notch higher than junk bond rating, as below triple B, market classify them as junk bond already.

If said sovereign bonds then may be can justify, but it is impossible to get 20% return over 3 years, with high quality sovereign bonds.

Bonds = a loan to the company, aka you borrow money to the company.
If the company has financial difficulty to pay off the loan, then the bond defaulted, aka borrower won't able to get back their money.

Anyway, this is OT from this FD thread, can post via in another specific bond thread.

As usual, if don't know/understand fully, don't commit anything, don't just for the sake of extra 0.4% FD, then venture into some area one is not familiar with.