April 2024 3.15% wah, not bad!
At least is higher than previous month.
2.90 % for Mar 2023 issue!
Still beat the OA interest of 2.5%.
Pls dyodd.
I think is a great form of fixed income for those who opt for little or lower risk.
SSB allow us to spread our investment for different monthly issue and the beauty of being able to boost our passive income!
The advantage of being able to redeem and gotten your fund back next month ( first or 2nd day each month) + pro-rated interest unlike FD that may come with penalty or no interest earn if redeem before maturity.
The current SSB rate is rather attractive as Inflation has driven the interest rate higher.
Feb SSB was yielding an interest rate yield of 2.97 for 10 years avg if stayed invested.
The subscription is pretty simply and can apply via Internet Banking.
For Dbs/Posb, simply click on Invest/More services/Apply for Singapore Gov Securities.
For Redemption is the same process.
The application fee is $2.00 for each application and redemption.
The Feb success rate I think secured Max for all the applicants.
3.26%
SBDEC22 GX22120S Bond Details:
Amount offer 1billion.
Avg interest for 10 year is 3.47%.
Closing date on 25th November.
Results on 28th Nov.
I think is gd!
Pls dyodd.
Results is out! Applicants who applied for S$14,500 or higher were allotted either S$14,000 or S$14,500.