{"id":1539546,"date":"2022-07-01T21:37:33","date_gmt":"2022-07-01T13:37:33","guid":{"rendered":"https:\/\/thefinance.sg\/?p=1539546"},"modified":"2022-07-02T09:04:14","modified_gmt":"2022-07-02T01:04:14","slug":"augusts-singapore-savings-bonds-offer-3-average-yield","status":"publish","type":"post","link":"https:\/\/thefinance.sg\/2022\/07\/01\/augusts-singapore-savings-bonds-offer-3-average-yield\/","title":{"rendered":"August&#8217;s Singapore Savings Bonds offer 3% average yield"},"content":{"rendered":"<p>This\u00a0<a href=\"https:\/\/www.mas.gov.sg\/bonds-and-bills\/auctions-and-issuance-calendar\/issuance-singapore-savings-bond?issue_code=GX22080V&amp;issue_date=2022-08-01\">August&#8217;s SSBs<\/a>, with codename SBAUG22 GX22080V, are yielding an average of 3% over the next 10 years, yielding higher than July&#8217;s offering as we have predicted as interest rates have not peaked.<\/p>\n<p><strong>The interest rate each year is as follows:<\/strong><\/p>\n<ul>\n<li>Note that the interest rate starts at 2% for the 1st year and rises to 3.29% in the 10th year<\/li>\n<li>The average is ~3%, which is higher than CPF OA (2.5%) and current FD rates and bank cash deposit rates<\/li>\n<\/ul>\n<p><strong>The issue details are as follows:<\/strong><\/p>\n<p><strong>Why SSBs<\/strong><\/p>\n<p>Singapore Savings Bonds offer an almost risk-free, liquid alternative to cash with a higher interest rate. They can be redeemed at face value at any time, with roughly about one month&#8217;s lead time to receive the actual cash in your bank account.<\/p>\n<p>Compared to current bank rates which still have not kept up with rising global interest rates, lending money to the Singapore government offers a good alternative to keeping your money in your bank account.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This\u00a0August&#8217;s SSBs, with codename SBAUG22 GX22080V, are yielding an average of 3% over the next 10 years, yielding higher than July&#8217;s offering as we have predicted as interest rates have not peaked. The interest rate each year is as follows: Note that the interest rate starts at 2% for the 1st year and rises to [&hellip;]<\/p>\n","protected":false},"author":489,"featured_media":1539548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[129],"tags":[454],"acf":[],"jetpack_featured_media_url":"https:\/\/thefinance.sg\/wp-content\/uploads\/2022\/07\/CleanShot-2022-07-01-at-20.32.33@2x.png","_links":{"self":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts\/1539546"}],"collection":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/users\/489"}],"replies":[{"embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/comments?post=1539546"}],"version-history":[{"count":4,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts\/1539546\/revisions"}],"predecessor-version":[{"id":1539578,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts\/1539546\/revisions\/1539578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/media\/1539548"}],"wp:attachment":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/media?parent=1539546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/categories?post=1539546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/tags?post=1539546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}