The latest Singapore Savings Bond (SSB) offers a 1-year return of 3.3% and a 10-year average return of 3.4%. We find out if it is a better investment compared to T-bills.
What happened?
Investors in the Beansprout community were excited to see the interest rate on the latest Singapore Savings Bonds (SSBs) rise further.
The latest SSB (SBDEC23 GX23120Z) offers a 1-year interest rate of 3.30%, and a 10-year average interest rate of 3.40%.
This would make the 10-year average interest rate on the latest SSB the highest so far in 2023.
Let us find out if it is worthwhile applying for the latest SSB, and how it compares to T-bills and fixed deposits.
Source: MAS
Is it worth applying for the latest Singapore Savings Bonds (SSBs)?
#1 – 1 year and 10 year interest rate higher than the previous issuance
The 1-year interest rate on the latest SSB has risen to 3.30% from 3.21% in the previous issuance (SBNOV23 GX23110V)....