Singapore Savings Bond (SSB) is having their This month’s bond. Earn up to 2.11% p.a. with a minimum $330 in January 2018’s Singapore Savings Bond and many more.
- Minimum per bond: $330
- Maximum per bond: $33,000
- Maximum individual holding: $430,000
A safe and flexible way to save for the long term. Savings Bonds are a special type of Singapore Government Securities that is suitable for individuals. Your principal investment and interest payments are backed by the full faith and credit of the Singapore Government. Here’s a little smackerel of something special. Trade-in of old garments and all types of inner wear are accepted.
You will always get your principal back when investing in Savings Bonds. Once a Savings Bond is issued, interest rate changes will have no effect on the bond’s value.
They complement other savings and investments as a safe way to save for the long term.
- Safe – Savings Bonds are fully backed by the Singapore Government. In addition, you can alwaysget your investment amount back in full with no capital losses.
- Long-term – Invest for up to ten years, with interest that increases over time. The longer you save,the higher your return.
- 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.
|Amount available||$150 million|
|Issue date||1 Mar 2018|
|Maturity date(1)||1 Mar 2028|
|Interest payment dates(1)||The 1st interest payment will be made on 1 Sep 2018, and subsequently every six months on 1 Mar and 1 Sep every year.|
|Investment amounts||You can invest a minimum of $500, and in multiples of $500 up to $50,000 for this issue. The total amount of Savings Bonds held across all issues cannot be more than $100,000.|
|Application period||Opens: 6.00pm, 1 Feb 2018
Closes: 9.00pm, 23 Feb 2018
Results: After 3.00pm, 26 Feb 2018
Keep track of the important dates with our SSB calendar.
|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 1 Feb 2018, these channels will be open from 6.00pm to 9.00pm. CPF and SRS funds are not eligible.|
This bond will be reflected as “SBMAR18 GX18030S” in your CDP statement and “CDP-SBMAR18” in your bank statement.
|Year from issue date||1||2||3||4||5||6||7||8||9||10|
|Average return per year, %*||1.42||1.48||1.57||1.65||1.73||1.81||1.89||1.96||2.04||2.11|
* At the end of each year, on a compounded basis
Calculate the interest you will earn based on your desired investment amount using the Interest Calculator.
(1)If this day is not a business day, payment will be made on the next business day.
For more info, click here
Date: 1st February 2018 to 23rd February 2018
Available at: Singapore Savings Bond (SSB)