Many of you have heard about the Singapore Savings bond which offers 2.63% returns if one holds it for 10 years. But did you know there is a long term bond instrument presently in the market, is as low risk as the Singapore Savings Bond but yields a higher return?
Introducing the CPF Special Account (SA)
Yes no mistakes here; the CPF bond is it. However, do note unlike the SSB, it cannot be redeemed at any time, only after you are 55.
How do we buy these bonds?
If you are interested in buying the "CPF bond", just make a voluntary contribution into your CPF Special Account (SA). Furthermore, the CPF Bond accepts any amount; there is no minimum of $500, no $2 application fee charge or risk of not getting your full no of bonds. It is advised only individuals who meet the below criteria makes ......