The Aug 2016’s SSB bonds yield an interest rate of 2.03%/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 $12,066 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 2.06%/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:
- 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
Latest posts by Kyith (see all)
Saturday 6th of August 2016
Next few months interest rate?
Looks like it is down-trending. With falling interest rates in global arena and bonds in Europe and Japan paying negative rates, others like UK and Australia central banks revising downwards, it is unlikely that Spore's rate will be revising interest upwards.
Sunday 7th of August 2016
don't be too sure. the thing about what history tells us is that there are some crazy spikes in the 2000 to 2010
Friday 8th of July 2016
how do we kind of gauge what the next few months of SSB interest rates will be? Please advise. I might just be the only one unaware of this
Saturday 9th of July 2016
hi san, we won't know. it is hard to gauge as far as i know. if i know, then i would be making predictions on your floating mortgage loan rates haha