Here’s a greater yielding, secure solution to save your cash that you’ve got no concept when you will want to make use of it, or your emergency fund.
The July 2019’s SSB bonds yield an rate of interest of 2.16%/yr for the subsequent 10 years. You may apply by means of ATM or Web Banking through the three banks (UOB,OCBC, DBS)
Nevertheless, should you solely maintain the SSB bonds for 1 yr, with 2 semi-annual funds, your rate of interest is 1.93%/yr.
$10,000 will develop to $12,172 in 10 years.
This bond is backed by the Singapore Authorities and its accessible to Singaporeans.
A single individual can personal no more than SG$200,000 price of Singapore Financial savings Bonds. You too can use your Supplementary Retirement Scheme (SRS) account to buy.
You could find out extra details about the SSB right here.
Be aware that each month, there shall be a brand new challenge you possibly can subscribe to through ATM. The 1 to 10 yr yield you’ll get will differ from this month’s ladder as proven above.
Final month’s bond yields 2.13%/yr for 10 years and 1.88%/yr for 1 yr.
Right here is the present historic SSB 10 Yr Yield Curve with the 1 Yr Yield Curve since Oct 2015 when SSB was began (Click on on the chart, transfer over the road to see the precise yield for that month):
What is that this Singapore Financial savings Bonds? Learn my previous write ups:
This Singapore Financial savings Bonds: Liquidity, Larger Returns and Authorities Backing. Dream?Extra particulars of the Singapore Financial savings Bond. Appears like my Emergency Funds nowSingapore Financial savings Bonds Max Holding Restrict is $200,000 for now. Apply through DBS, OCBC, UOB ATMSingapore Financial savings Bonds’ Inflation Safety AbilitiesSome directions how you can apply for the Singapore Financial savings Bonds
Previous Problems with SSB and their Charges:
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