Personal Finance
Singapore Savings Bonds SSB October 2020 Issue Yields 0.90% for 10 Year and 0.26% for 1 Year
By Investment Moats  •  September 3, 2020
Here is a safe way to save your money that you have no idea when you will need to use it, or your emergency fund. The 10-yr and 1-yr Singapore Savings Bonds Rate since the first issue in Oct 2015 The August 2020’s SSB bonds yield an interest rate of 0.90%/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 0.26%/yr. $10,000 will grow to $10,914 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,...
Read the full article
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 ...

Your email address will not be published. Required fields are marked *


Your Email Address will not be published

Read More Articles
More from thefinance