Singapore Savings Bond (SSB) Singapore is having their Promotion. Earn up to 2.39% p.a. in the latest bond and many more.
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 always get your investment amount back in full with no capital losses.
- 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.
Issuance details
Bond ID | GX18050E |
---|---|
Amount available | $200 million |
Issue date | 2 May 2018 |
Maturity date(1) | 1 May 2028 |
Interest payment dates(1) | The 1st interest payment will be made on 1 Nov 2018, and subsequently every six months on 1 May and 1 Nov every year. |
Investment amounts | 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. |
Application period | Opens: 6.00pm, 2 Apr 2018 Closes: 9.00pm, 25 Apr 2018 Results: After 3.00pm, 26 Apr 2018 Keep track of the important dates with our SSB calendar. Application/redemption of SSB will be unavailable on 21 April 2018 for ATMs and Internet Banking due to system maintenance. |
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. |
This bond will be reflected as “SBMAY18 GX18050E” in your CDP statement and “CDP-SBMAY18” in your bank statement.
Interest rates
Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Interest, % | 1.65 | 1.95 | 2.14 | 2.28 | 2.42 | 2.54 | 2.62 | 2.72 | 2.84 | 3.00 |
Average return per year, %* | 1.65 | 1.80 | 1.91 | 2.00 | 2.08 | 2.15 | 2.21 | 2.27 | 2.33 | 2.39 |
* At the end of each year, on a compounded basis
For more info, click here
Date: 2nd April 2018 to 25th April 2018
Available at: Singapore Savings Bond (SSB) Singapore
EverydayOnSales help brands connect with our community, the largest warehouse sales consumers database in Singapore. Advertise with EverydayOnSales Singapore.