Mar 2016 SSB gives you 2.44% interest per year over 10 years | Investment Moats Skip to Content

Mar 2016 SSB gives you 2.44% interest per year over 10 years

The March 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 $12,493 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 2.50%/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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lky

Wednesday 10th of February 2016

With the stated 2.44%, does it mean if you invest this month, your returns would be 2.44% pa over 10 years? No fluctuations? Thanks

Kyith

Thursday 11th of February 2016

once you buy in, the coupon payment is in the formed of increasing % and not an even 2.44%. this is because, they do not know how long you will be invested, so they slowly return you when you stay longer.

wanderlust

Saturday 6th of February 2016

Hi Kyith,

Could you kindly explain why the ssb interest rate has been coming down? Thanks in advance.

Kyith

Sunday 7th of February 2016

Hi Wanderlust, the singapore rates seem very much linked to the strength of the USD and in the past USD and their interest rates have been doing very well against the SGD. In recent months they have moderated downwards.

That said, when the news and media keep saying interest rate is going to rise, every one have the idea its a one way elevator up. it is not. hence you get fluctuations like this. hope it helps.

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