MAS has just released the latest SSB May 2025 (SBMAY25 GX25050T): 2.49% for the first year and 2.69% for the 10-year average. Unfortunately, these rates are much lower than last month’s offering. We expected these lower rates because global rates have declined recently, fueled by recession fears due to the US tariff policy.
SSB May 2025 Details
This month’s SSB follows the trend of decline rates we have seen in the past several months. The first-year rate is 2.49%, while the 10-year average is 2.69%. Many investors will likely be disappointed with these rates as they have been used to the higher rates in past years.
If you are interested in the SSB May 2025, you may follow the following application timeline:
Competitiveness
With the interest rates offered at one of the lowest in recent years, we can say that this month’s SSB is not that competitive. Here are the historical SSB rates over the past years:
Source: SSB Interest Rates History...