Average interest per annual for 1-year and 10-year period
June 2020 Issue

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div data-original-attrs=”{"style":"text-align: left;"}”>Average Interest Per Year (over 10 years): 1.05%

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div data-original-attrs=”{"style":"text-align: left;"}”>Interest for First Year: 0.57%

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div data-original-attrs=”{"style":"text-align: left;"}”>Application Closes: 9.00pm, 26 May 2020

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div data-original-attrs=”{"style":"text-align: left;"}”>Details on this month SSB can be found on SGS website

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Both the short (1-year) and long (10-years) term interest rates for next month has fallen off the cliff to the lowest since the inception of SSB. This is not surprising as the Fed has already lowered interest rates close to zero to stimulate spending instead of saving. Since saving is not encourage, we might as well just spend our money in the stock market.
I have made 2 purchases this month on a bank and retail REIT so far. The exact stocks

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