What happened?

The interest rates on T-bills and fixed deposits have been declining in recent months. However, interest rates on the Singapore Savings Bonds (SSBs) have just risen further!  The latest SSB (SBOCT23 GX23100T) offers a 1-year interest rate of 3.05%, and a 10-year average interest rate of 3.16%.  Earlier, we discussed on a CNA podcast why T-bills and SSBs might still be worth investing in. Let us dive deeper into latest issuance of the SSB to understand how the interest rates offered compare to T-bills and fixed deposits.  Source: MAS  

Is it worth applying to the latest Singapore Savings Bonds (SSBs)?

#1 – 1-year and 10-year interest rate higher than previous issuance

The 1-year interest rate on the latest SSB has risen to 3.05% from 3.01% in the previous issuance (SBSEP23 GX23090F) The average 10-year return has also gone up to 3.16% from 3.06% in the previous...