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 September 2018’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)
However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your interest rate is 1.75%/yr.
$10,000 will grow to $12,468 in 10 years.
This bond is backed by the Singapore Government and its available to Singaporeans.
A single person can own not more than SG$100,000 worth of Singapore Savings Bonds.
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 2.57%/yr for 10 years and 1.78%/yr for 1 year.
Here is the current historical SSB 10 Year Yield Curve with the 1 Year Yield Curve since Oct 2015 when SSB was started (Click on the chart, move over the line to see the actual yield for that month):
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
- 2018 Feb
- 2018 Mar
- 2018 Apr
- 2018 May
- 2018 Jun
- 2018 Jul
- 2018 Aug
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
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- Sizing Up a Critical Illness Sinking Fund for a Singaporean Friend. - September 8, 2024
- A Table to Help my Older Brain Process this Mindef Change to the SAVER PLAN for SAF Officers - September 7, 2024
- New 6-Month Singapore T-Bill Yield in Mid-September 2024 Should Fall to 3.04% (for the Singaporean Savers) - September 5, 2024
Albin Ng
Saturday 4th of August 2018
May i check with you what is the reason u buy in SBST
Kyith
Saturday 4th of August 2018
For potential good results
random
Friday 3rd of August 2018
Thank you for keeping an archive of all the SSBs! It is very useful for me! Hope the 10 year yield will go up again! =)
Kyith
Saturday 4th of August 2018
No problem. I think the rates will fluctuate. we can only hope it is good to a certain extend.
Temperament
Thursday 2nd of August 2018
Some bank FD rate for 1 year is already 1.8%.
SSB has to do some catch up soon?
No?