The effective interest rate for SSB SBMAR25 GX25030N is 2.97% if you held it for 10 years. The interest rates for this month’s issue of the SSB (Singapore Savings Bond) had recovered 0.15% from 2.82% offered by SBFEB25. The yield is higher than what was offered by Singapore Treasury Bills (SGS T Bills) BY25100H at 2.95% per annum
Singapore Savings Bonds are low risk investments, thus making them a popular investment option among risk-averse investors looking to grow their savings over time. The return increases as you hold them longer. The limit an individual can purchase is S$200,000 inclusive of both cash and SRS.
What are Singapore Savings Bonds?
Singapore Savings Bonds are a type of government bond issued by the Monetary Authority of Singapore that offers individuals a safe and flexible way to save money. The “step up” feature of the SSB facilitates long term investment which means the return increases the longer you hold them for....