Shares & Derivatives
Singapore Savings Bonds SSB August 2022 – Highest Long Yield (3.0%) in SSB History
By Investment Moats  •  July 1, 2022
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 rates since the first issue in Oct 2015 The August 2022’s SSB bonds yield an interest rate of 3.0%/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 2.0%/yr. $10,000 will grow to $13,019 in 10 years. This bond is backed by the Singapore Government and it’s available for you to invest if you have a CDP or SRS account (this includes Singapore Permanent Residents and Foreigners). 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....
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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 ...
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