This month SSB has again reached another high since inception at 1.89% interest for a holding period of 1 year. Not only did the short term interest rate raised, the long term interest rate for holding 10 years had also raised to 2.57% from the previous month. This makes the current issue of SSB more attractive regardless of whether you are intending to hold it for short or long term. As mentioned in my last SSBs update, I am currently parking a portion of my war chest in SSBs as a pseudo-savings account. As the interest rate has increased, I will be swapping last month SSB with the current issue.
Recently, I came across a few posts and comments online suggesting people to swap their SSBs of lower interest with the higher interest rate ones. The idea is right but
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