May is here and that means that the savings account nerfs announced last month have taken effect. Nonetheless, there are some good news at least on the government bonds’ side of things – Singapore Savings Bond (SSB) is up quite a bit in returns.
Also, there are the usual two 6-month t-bill and a single 2-year Singapore Government Securities (SGS) bond up for subscription.
June 2024 SSB – rates, get 3.26% to 3.33% p.a. average returns!
| Year from issue date |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Interest % |
3.26 |
3.26 |
3.26 |
3.26 |
3.26 |
3.26 |
3.33 |
3.46 |
3.54 |
3.54 |
| Average return per year % |
3.26 |
3.26 |
3.26 |
3.26 |
3.26 |
3.26 |
3.27 |
3.29 |
3.31 |
3.33 |
SBJUN24 GX24060A Bond Details
Some good news for yield-hungry savers would be the fact that SSB rates are up by a pretty margin this month – get at least 3.26% p.a. regardless of how long you hold the bond for. The maximum return is 3.33% p.a. if the SSB is held for the full 10 years. This month’s tranche size is S$1 billion dollars....
