Shares & Derivatives
Singapore Savings Bonds SSB Feb 2019 Issue Yields 2.20% for 10 Year and 1.98% for 1 Year
By Investment Moats  •  January 3, 2019
Here is a higher yielding, safe way to save your money that you have no idea when you will need to use it, or your emergency fund. The February 2019’s SSB bonds yield an interest rate of 2.20%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB,OCBC, DBS) However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your interest rate is 1.98%/yr. $10,000 will grow to $12,207 in 10 years. This bond is backed by the Singapore Government and its available to Singaporeans. A single person can own not more than SG$200,000 worth of Singapore Savings Bonds. You can also use your Supplementary Retirement Scheme (SRS) account to purchase. You can find out more information about the SSB here. Note that every month, there will be a new issue you can subscribe to via ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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