Average interest per annual for 1-year and 10-year periodApr 2020 IssueAverage Interest Per Year (over 10 years): 1.63%Application Closes: 9.00pm, 26 Mar 2020Details on this month SSB can be found on SGS website
The Fed has cut interest rates to near zero and it will be interesting to see how low the Singapore Savings Bond can go next month. I subscribed to last month SSB to park some of my savings which was before the market crashed. As the market prices have significantly came down, I will be redeeming some of my holdings in SSBs to unlock these cash. These cash will only come in next month.
I did my first purchase for the year on Friday the 13th, but unfortunately it was not the bottom yet, and the market continued falling in the following week. Some of the REITs have already dropped more than 50% from peak. It was nerve-wracking to see