Singapore Savings Bonds SSB September 2017 Issue gives you 2.12% interest per year over 10 years | Investment Moats Skip to Content

Singapore Savings Bonds SSB September 2017 Issue gives you 2.12% interest per year over 10 years

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 Sep 2017’s SSB bonds yield an interest rate of 2.12%/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 $12,167 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 2.06%/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:

  1. This Singapore Savings Bonds: Liquidity, Higher Returns and Government Backing. Dream?
  2. More details of the Singapore Savings Bond. Looks like my Emergency Fund nIsow
  3. Singapore Savings Bonds Max Holding Limit is $100,000 for now. Apply via DBS, OCBC, UOB ATM
  4. Singapore Savings Bonds’ Inflation Protection Abilities
  5. Some instructions how to apply for the Singapore Savings Bonds

Past Issues of SSB and their Rates:

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Bob

Monday 7th of August 2017

Hi,

Few things to note.

- there is a charge of SGD 2 levied by the banks for deposits and withdrawals.

- the money is debited on application, so it is best to wait until the last possible day before applying.

- the interest is paid out every six months, this could then be used to invest in another round of bonds, compounding the interest (only way to go?)

- The statement "$10,000 will grow to $12,167 in 10 years" is slightly misleading. Interest is paid out every month. Only if this interest is collected will you end up with 12,167, otherwise only the original 1,000 will be returned.....

- If you need the money in an emergency, you have to wait between four days and four weeks before you have access to the funds. They only process redemptions once per month.

-

Kyith

Monday 7th of August 2017

Hi Bob, thanks for the info. I don't think its misleading. It is computed with their calculator. That is if you manage to hold on to the bonds for 10 years. I don't think interest is paid out every month isn't it. Its paid out every half year.

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