Personal Finance
Singapore Savings Bond (SSB) Mar 2023 – Wait For Higher Yields
By Finance Gnome  •  February 9, 2023
The latest SSB for March 2023 has been announced with a 10 year average yield of 2.9%, down quite a bit from the peak of 3.47% for the Dec 2022 issuance. If you’re looking for places to park your cash or SRS funds, SSB could be a good option. Unfortunately, SSB is not eligible for CPFIS scheme so you can’t invest your CPF savings into it. Source: MAS For more details, refer to my Singapore Savings Bond (SSB) tracker page here. Table of Contents Alternatives offer higher yields Treasury bills or T-bills, fixed deposits, and even some bank savings accounts offer higher yields than SSB at the moment. Most cash funds and short-term bonds now offer around 4% yield. T-bill yields have been falling though, and the last auction on 2nd Feb 2023 for 6-month T-bills had cut-off yield of 3.88%. Source: MAS According to Seedly, fixed deposits are offering up to 4.10% (offered by RHB for 12 months tenure, min $20k placement)....
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By Finance Gnome
Hi, I’m Calvin! I’m a lucky husband and father of two wonderful kids. I work as an aerospace engineer at my 9 to 5. I’ve been investing since 2011, but my investing journey started off pretty terribly. Many of the stocks I bought lost me loads of money, call it tuition fees. Thankfully most of the time, I managed to bail out before losing everything.
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