Here’s a prime efficiency certain to save lots of your cash you don 't trouble. do not know when you will want to make use of it or your emergency fund .
The SSB bonds of March 2019 report an rate of interest of 2.18% / 12 months for the subsequent 10 years. You possibly can apply by ATM or Web through the three banks (UOB, OCBC, DBS)
Nonetheless, in the event you solely maintain SSB bonds for one 12 months in two semi-annual installments, your rate of interest is at 1.95% / 12 months .
$ 10,000 will attain 12 1945  This hyperlink is offered by Singapore Authorities and its entry to Singaporeans.
An single individual could not maintain greater than $ 200,000 of Singapore financial savings bonds. You can too use your Supplemental Pension Plan (SRS) account to buy.
To be taught extra in regards to the SSB, click on right here
. Observe that every month there might be a brand new quantity to which you’ll be able to subscribe through an ATM. The 1 to 10 12 months yield you’re going to get might be completely different from this month's scale, as proven above.
Bond yields final month 2.20% / y for 10 years and 1.95% / yr for one 12 months.
That is the historic efficiency curve of the present SSB SSB decade with the yield curve of the primary 12 months of existence since October 2015 (starting of the SSB). (Click on on the graph, Transfer on the road to see the precise efficiency of this month):
What’s that the obligations Singapore Financial savings? Learn my earlier writings:
This Singapore Financial savings Bonds: Money Circulation, Superior Returns and Authorities Help. Dream? Extra particulars on the Singapore Financial savings Bond. Now appears like my emergency funds. The utmost holding restrict for Singapore Financial savings Bonds is $ 200,000 in the meanwhile. Apply through DBS, OCBC, UOB Capabilities to guard towards inflation of financial savings bonds ATMSingaporeCertain directions to use for Singapore Financial savings Bonds
Previous problems with SSB and their charges: