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...