SSB 10-year return rises to 3.32%, highest in 2023. Is it worth applying?
By Beansprout  •  October 3, 2023

What happened?

Some investors would be happy to hear that interest rates on the T-bill and SSB have been going up. Earlier, we saw the cut-off yield on the 6-month Singapore T-bill jump to 4.07%, representing the highest level since January this year. The latest SSB (SBNOV23 GX23110V) offers a 1-year interest rate of 3.21%, and a 10-year average interest rate of 3.32%. This would also make the 10-year average interest rate on the latest SSB the highest so far in 2023.  Let us dive deeper into the latest issuance of the SSB to understand how the interest rates offered compare to T-bills and fixed deposits, and if it worthwhile applying for the latest SSB. 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...
Read the full article
By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance