The January 2016’s SSB bonds yield an interest rate of 2.44%/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 $12,633 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 2.44%/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 Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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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.
- Singapore Savings Bonds SSB January 2024 Yield Plunges to 3.07% (SBJAN24 GX24010F) - December 1, 2023
- New 6-Month Singapore T-Bill Yield in Early-December 2023 Should be Slightly Higher at 3.85% (for the Singaporean Savers) - November 30, 2023
- Have the World or Emerging Market Healthcare Stocks Outperform the World and EM Index? - November 26, 2023
Will
Monday 15th of February 2016
Great simple article on SSB. As much as i am interested in SSB, i need advise on the timings of applying the bond on the best scenario (in this case, its the second issue). Currently even till date, i am still seeing an interest rate of 2.44 for March. Any insights on when there will be rise in the interest rate?
Kyith
Monday 15th of February 2016
Hi Will, no idea on that, and I think it is difficult to forecast that well.
zod
Monday 7th of December 2015
i recall reading an article that analyzes when it would give better returns if one should sell off existing ssb and buy a new higher interest rate ssb. anyone recall such an article? if not, could be a future article from kyith? (lazy me speaking. heh...)
Kyith
Wednesday 9th of December 2015
i think there is such an article written but this portion is just a small part of it. but you missed out on 1 month of payment,i believe the rule of thumb is, switch if the interest difference is substantial enough to be worth the hassle.
Jasmin
Friday 4th of December 2015
Hi Kyith Praying the yield in 2016 can reach or exceed that of Nov 2015.
Kyith
Friday 4th of December 2015
Hi Jasmin,
I think a lot of savers hope so!