Here is a higher yielding, safe way to save your money that you have no idea when you will need to use it, or your emergency fund.
The Apr 2017’s SSB bonds yield an interest rate of 2.16%/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 $12,373 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.
Note that every month, there will be a new issue you can subscribe to via ATM. The 1 to 10 year yield you will get will differ from this month’s ladder as shown above.
Last month’s bond yields 2.32%/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:
- 2015 Oct
- 2015 Nov
- 2015 Dec
- 2016 Jan
- 2016 Feb
- 2016 Mar
- 2016 Apr
- 2016 May
- 2016 Jun
- 2016 Jul
- 2016 Aug
- 2016 Sep
- 2016 Oct
- 2016 Nov
- 2016 Dec
- 2017 Jan
- 2017 Feb
- 2017 Mar
- 2017 Apr
- 2017 May
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
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- New 6-Month Singapore T-Bill Yield in Mid-September 2024 Should Fall to 3.04% (for the Singaporean Savers) - September 5, 2024
Cory
Sunday 7th of May 2017
Applied some last month. This month will skip. Will be nice if they can hit near 3% by year end. Is it possible ?
Kyith
Monday 8th of May 2017
Hi Cory, on behalf of the Singapore government I would like to thank you for funding our country haha! It will be nice but whether it will happen or not is another matter altogether