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 Jan 2018’s SSB bonds yield an interest rate of 2.04%/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 $12,062 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 2.13%/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
- 2017 Jun
- 2017 Jul
- 2017 Aug
- 2017 Sep
- 2017 Oct
- 2017 Nov
- 2018 Jan
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
- Why We Keep Micro-Managing Our Stock Positions When Market Collapses (and what Ian Cassel thinks might help us) - May 22, 2022
- Attend REIT Symposium 2022 Online this Saturday (Tomorrow) for FREE - May 20, 2022
- How Attractive are the Astrea 7 PE Bonds? (Indicative yield of 4.1%, 5.3%, 6.0%) - May 19, 2022