Singapore Financial savings Bonds SSB March 2022 – Lengthy & Brief Yields Transfer Up


Here’s a protected strategy to save your cash that you’ve no concept when you have to to make use of it, or your emergency fund.

The ten-yr and 1-yr Singapore Financial savings Bonds Price because the first subject in Oct 2015

The March 2022’s SSB bonds yield an rate of interest of 1.79%/yr for the subsequent 10 years. You’ll be able to apply by ATM or Web Banking by way of the three banks (UOB, OCBC, DBS)

Nonetheless, in the event you solely maintain the SSB bonds for 1 yr, with 2 semi-annual funds, your rate of interest is 0.59%/yr.

$10,000 will develop to $11,812 in 10 years.

This bond is backed by the Singapore Authorities and it’s accessible to Singaporeans.

A single individual can personal no more than SG$200,000 value of Singapore Financial savings Bonds. It’s also possible to use your Supplementary Retirement Scheme (SRS) account to buy.

You will discover out extra data in regards to the SSB right here.

Word that each month, there will likely be a brand new subject you possibly can subscribe to by way of ATM. The 1 to 10-year yield you’re going to get will differ from this month’s ladder as proven above.

Final month’s bond yields 1.64%/yr for 10 years and 0.52%/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):

The Utility and Redemption Schedule

You’ll apply for the bonds by the month. On the finish of the month, you’ll know the way lots of the bonds you utilized had been profitable.

Right here is the schedule for software and redemption in the event you want to promote:

Application and redemption date of Singapore Savings Bonds
Click on to see a bigger schedule

You’ve 02 to in regards to the twenty fifth of the month (technically the 4th day from the final working day of the month) to use or resolve to redeem the SSB that you simply want to redeem.

Your bond will likely be in your CDP on the first of the subsequent month. You will note your money in your checking account linked to your CDP account on the first of subsequent month.

How does the Singapore Financial savings Bonds Examine versus SGS Bonds versus Singapore Treasury Payments?

Singapore financial savings bonds are like a “unit belief” or a “fund” of SGS Bonds.

However what’s the distinction between you shopping for SGS Bonds and its sister the T-Payments immediately?

Each the SGS Bonds and T-Payments are additionally issued by the Authorities and are AAA rated.

Here’s a MAS detailed comparability of the three:

SGS Bonds versus Singapore T-bills versus Singapore Savings Bonds
Click on to see an even bigger comparability desk

What’s these Singapore Financial savings Bonds? Learn my previous write-ups:

  1. This Singapore Financial savings Bonds: Liquidity, Greater Returns and Authorities Backing. Dream?
  2. Extra particulars of the Singapore Financial savings Bond. Seems to be like my Emergency Funds now
  3. Singapore Financial savings Bonds Max Holding Restrict is $200,000 for now. Apply by way of DBS, OCBC, UOB ATM
  4. Singapore Financial savings Bonds’ Inflation Safety Skills
  5. Some directions on methods to apply for the Singapore Financial savings Bonds

Previous Problems with SSB and their Charges:

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