The Nov 2023 tranche of Singapore Savings Bonds (SSB) has an average yield of 3.32% over 10 years.
The first 6 years yield a flat 3.21% per annum; 7th year yields 3.3% p.a, 8th year yields 3.52% p.a. and 9th, 10th years yield 3.63% p.a.
This is not very appealing considering that other low to risk-free alternatives such as T Bills and money market funds easily yield more than 3.5% currently. However, this yield is higher than many fixed deposit rates on offer by local banks.
However if we consider the great flexibility, liquidity of SSB for redemption and long-term lock down at above 3% p.a and above CPF OA yield of 2.5% p.a. for the next decade, then this tranche of SSB is fairly decent for us to park our spare cash at zero risk, capital guaranteed for the long-term.
We could redeem SSB
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