This month bond offering start from 2nd April 6pm onwards to 25 April 9pm
A safe and flexible way to save for the long term
The monthly issuance size of the Singapore Savings Bond (SSB) programme has been increased to S$200 million from this month. For more details, refer to the media release.
Results: After 3.00pm, 26 Apr 2018
Keep track of the important dates .
Interest rate for 1st year is 1.65%.
10 years interest is 3% . Based on the table rate reflected on the website.
At the end of each year, on a compounded basis.
http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx
Application may apply through: DBS/POSB, OCBC and UOB ATMs and Internet Banking, OCBC Mobile Application from 7.00am - 9.00pm, Mon - Sat, excluding Public Holidays. On 2 Apr 2018, these channels will be open from 6.00pm to 9.00pm. CPF and SRS funds are not eligible.
Invest amount : You can invest a minimum of $500, and in multiples of $500. The total amount of Savings Bonds held across all issues cannot be more than $100,000.
Interest Payment dates : The 1st interest payment will be made on 1 Nov 2018, and subsequently every six months on 1 May and 1 Nov every year.
Each Savings Bond has a term of 10 years and pays interest every 6 months. Savings Bonds cannot be traded like conventional bonds or shares. Interest income is exempt from tax. Only individuals above 18 years old can apply.
Savings Bonds are fully backed by the Singapore Government. And because the bonds can always be redeemed for the full amount invested, investors are protected against capital losses when interest rates change. This makes them one of the safest possible investments for individuals to hold.
Save up to 10 years, and earn interest that “steps up” or increases over time. Hold your Savings Bond for the full 10 years and receive an average interest per year that matches the return from 10-year Singapore Government Securities yields, which has generally been between 2%-3%.
Flexible :
Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start.
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