Singapore Savings Bonds (SSB) are looking attractive again. So attractive in fact, that the June 2022 tranche was oversubscribed by 2.5 times. That meant that some investors couldn’t get their full requested allotment and will have to wait for next month’s issue to reapply.
Are the Singapore Savings Bonds a good place for your spare cash? What are some alternatives to SSB to consider? We’ve got you covered.
Singapore Savings Bonds: Worth buying?
Singapore Savings Bonds are one way to earn a better return on your cash savings, as compared to bank deposits. SSB have a maximum tenure of 10 years, and interest rates go up for each year that you remain invested.
As details from the June 2022 tranche show, you’ll receive 1.7% in average returns if you hold the bond for one year, but 2.7% in average annual returns overall if you stay invested for 10 years....