- You cannot use your CPF to subscribe for the SSB (why cannot leh ? super safe leh 🙄)
- You can apply through both SRS and/or Cash from Monday to Saturday 7am to 9pm (in this time and age? 🤔)
- You can only invest a maximum of $200,000 (cannot favour the rich 🤑)
The Singapore Savings Bonds hit 3% for the August 2022 issuance for the first time ever. See BT's report here and if you are keen to find out more, you can visit the SSB website here.
For the risk averse investors, you can finally get more for your savings but you can't outrun the projected inflation rate of 5% but at least you finally get more than the 2.5% in the CPF savings. Either the CPF savings should go up to 3% or investors should stop their "voluntary contribution" and just put into SSB instead?
For those who are keen to subscribe for the bonds, you may be interested to note the following: