Have you placed money in Singapore Savings Bond (SSB) in the past 2 years or so? It might be time to revisit your investments. On the 4th of May, Jerome Powell, the US Federal Reserve Chairman, announced that there is a 0.5% increase in interest rates to 0.75 – 1%. This is the largest increase since 2000 and it doesn’t look like it will be stopping soon. They have a target of 1.9% in 2022 and 2.8% in 2023 and 2024 and will be looking at possibly increasing interest rates by 0.5% each time. If you listened to those financial gurus and leveraged heavily into property investments, your monthly obligations will start increasing. With interest increasing, we are seeing the yields increasing for SSB and hopefully, the banks and other saving instruments like Singlife and Dash Pet increase their rates accordingly. We will look at whether you should swap between SSBs tranches in this article....