The demand for the Feb issue of Singapore Savings Bond was weak and everyone who has applied was fully allocated. The interest rates for this month issue are lowered than the previous month for both the short and long term which is why it is not that attractive for me. Although the interest rates are not as attractive this month, applicants are now able to use their SRS fund for purchase starting this month. There could be an increase in people who want to move their SRS funds into SSBs and the Individual Limit has also been raised to $200,000.
As the market is still doing well, I will be focusing my funds back into the stock market and less into SSBs moving forward.