Higher interest rates have led to a rebound in the T-bill yield recently. We find out if SSB returns may also rise based on our latest SSB interest rate projection.
What happened?
There has been less discussion about the Singapore Savings Bond (SSB) recently.
We shared earlier that the latest SSB (SBMAR24 GX24030V) offers a 10-year average return of 2.88%.
Compared to the T-bills and fixed deposits, the SSB allows us to lock in the interest rate for an extended duration of up to 10 years, while retaining the flexibility to redeem anytime.
We have seen a rebound in the cut-off yield in the 6-month Singapore T-bill. The interest rate on the latest SSB is also higher than the return in the previous issuance.
This led to questions on whether we should subscribe to the current SSB or wait for the next one.
Let us look at the latest SSB interest rate projection to find out....