The February 2016’s SSB bonds yield an interest rate of 2.50%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB,OCBC, DBS)
$10,000 will grow to $12,562 in 10 years.
This bond is backed by the Singapore Government and its available to Singaporeans.
You can find out more information about the SSB here.
Last month’s bond yields 2.58%/yr for 10 years.
Here is the current historical SSB 10 Year Yield Curve
What is this Singapore Savings Bonds? Read my past write ups:
- This Singapore Savings Bonds: Liquidity, Higher Returns and Government Backing. Dream?
- More details of the Singapore Savings Bond. Looks like my Emergency Fund nIsow
- Singapore Savings Bonds Max Holding Limit is $100,000 for now. Apply via DBS, OCBC, UOB ATM
- Singapore Savings Bonds’ Inflation Protection Abilities
- Some instructions how to apply for the Singapore Savings Bonds
Past Issues of SSB and their Rates:
To get started with dividend investing, start by bookmarking my Dividend Stock Tracker which shows the prevailing yields of blue chip dividend stocks, utilities, REITs updated nightly
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- $50,000 Portfolio to Supplement Lifetime Critical Illness Coverage. - June 5, 2023
- The Beauty of Having Low Essential & Basic Expenses - June 3, 2023
- Singapore Savings Bonds SSB July 2023 Yield at2.82% (SBJUL23 GX23070H) - June 1, 2023
Raymond Chiam
Monday 11th of January 2016
Strange that the ssb rates is dropping compared to Jan 16. Shouldn't interest rates rise like all the sibor linked loans and fixed deposit? After all the fed has increased their rates.
Kyith
Monday 11th of January 2016
perhaps its a timing thing, sibor is still around the last high i feel. it is never exactly equal
Liz
Friday 8th of January 2016
Hey Kyith!
This comment has not so much to do with SSB but rather SBS. I noticed you've been accumulating the stock slowly since last year...mind sharing what you see here?
Thanks and hope you've enjoyed your great start to the new year!
Kyith
Saturday 9th of January 2016
Hi Liz, not the first person to ask me that. The singapore bus scene will be transiting from a private ownership model to a government contracting model or GCM. There is a likely hood that the assets will be purchased back, whether on book value or below book value. If they are not going to purchase back, the government may lease it from them.
What is clear is that the major capex situation in the past will change, and if you look at the results since 2000, it is clear why SBS have not been doing well.
When capex is removed, how much dividends can they realistically pay? Ah that is the interesting part of the research.
So basically that is the idea.