What is Singapore Savings Bond? 10-Year Average Return Crosses 2% p.a. in May 2022
By Sethisfy • April 24, 2022
Interest rates are increasing, and Singapore Savings Bond (SSB) has crossed the 2% p.a. mark for its 10-year average returns. The May 2022 SSB gives an annualised 2.09% p.a. return if held for 10 years, and this rate was last seen more than two years ago in the August 2019 tranche.
Even the shorter term returns don’t look that bad; 1.49% to 1.72% p.a. returns if held for at least 24 to 36 months isn’t the worst for something that is quite liquid.
Year From Issue Date
1
2
3
4
5
6
7
8
9
10
Interest %
0.86
2.13
2.20
2.20
2.20
2.27
2.27
2.27
2.27
2.37
Average p.a. return %
0.86
1.49
1.72
1.84
1.91
1.96
2.01
2.04
2.06
2.09
May 2022 SSB
What is Singapore Savings Bond?
The Singapore Savings Bond is fully backed by the Singapore Government, and offers to provide individual with a safe and flexible way to save. The principal amount and returns are guaranteed, and you can redeem your SSB for cash anytime (subject to the redemption timeline;...
