Singapore Savings Bonds SSB May 2024 Yield Climbs to 3.06% (SBMAY24 GX24050X)
By Investment Moats  •  April 2, 2024
Here is a safe way to save money that you have no idea when you will need to use or your emergency fund. The 10-yr and 1-yr Singapore Savings Bonds rates since the first issue in Oct 2015 The May 2024’s SSB bonds yield an interest rate of 3.06%/yr for the next ten years. You can apply through ATM or Internet Banking via the three banks (UOB, OCBC, DBS) However, if you only hold the SSB bonds for one year, with two semi-annual payments, your interest rate is 2.99%/yr. The one-year SSB yield seems to be heading down, showing a less flat curve. $10,000 will grow to $13,070 in 10 years. The Singapore Government backs this bond, and it’s available for you to invest if you have a CDP or SRS account (this includes Singapore Permanent Residents and Foreigners). A single person can own not more than SG$200,000 worth of Singapore Savings Bonds. You can also use your Supplementary Retirement Scheme (SRS) account to purchase....
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...

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