Here’s a greater yielding, secure option to save your cash that you’ve no concept when you will have 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’ll be able to 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 obtainable to Singaporeans.
A single individual can personal no more than SG$200,000 value of Singapore Financial savings Bonds. You may as well use your Supplementary Retirement Scheme (SRS) account to buy.
You could find out extra details about the SSB right here.
Word that each month, there might be a brand new problem you possibly can subscribe to through ATM. The 1 to 10 yr yield you’re going to 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, Greater Returns and Authorities Backing. Dream?Extra particulars of the Singapore Financial savings Bond. Seems 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 apply for the Singapore Financial savings Bonds
Previous Problems with SSB and their Charges:
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