Wednesday, 2 May 2018

Singapore Savings Bond (SSB) - 1.68% (June 2018)

Now, this coming round of SSB in June 2018 is more interesting offering up to 1.68% interest for the first year!!

Image taken from SSB's site - www.sgs.gov.sg
I've previously blogged about 2 previous edition in May 2018 and Feb 2018, speaking about how attractive the interest look as compared to fixed deposit.



You may refer to the 2 articles below:
Singapore Savings Bond (SSB) - 1.65% (May 2018)
Singapore Savings Bond (SSB) - 1.55% (Feb 2018)

As a recap, on my thoughts about the shiny part for the Singapore Saving Bonds:

1. The flexibility in your funds
2. A risk-free place for you to park your money with no capital loss
3. A relatively lower amount required compared to FDs.  (In fact, SSB is offering a higher interest as compared to FD today)

Below is the interest rate table for the upcoming SSB June 2018:
Source: SSB

I've mentioned this in my earlier post on SSBs. But as a quick reminder to newer readers which might have missed out on that, one must bear in mind that it may seem really attractive for a risk-free bond to generate 1.68% on a short term of 1 year, only proceed on when this fund here is a spare fund to you and that you can last for at least a month while waiting for proceeds from redemption.



This is due to the waiting time in between your redemption of SSB for which the redemption of SSB will be only be closed on the last 4th business day of the month and proceeds will only be paid on the 2nd business day of the following month.

For more information on redemption, please check on from SSB's official website here.

Here are some important dates for this bond for anyone who's interested to consider:
Issue Date: 1 June 2018
Maturity Date: 1 June 2028
Interest Payment: 1st interest payment will be made on 1 Dec 2018, and subsequently every six months on 1 Jun and 1 Dec every year.

Application Period: 
Opens: 6.00pm, 2 May 2018
Closes: 9.00pm, 25 May 2018
Results: After 3.00pm, 28 May 2018

Similarly to the previous months, I will be looking to allocate my opportunity funds into the upcoming SSB edition.




You may also subscribe to receive my latest email updates here.

4 comments:

  1. in the meantime, I wonder why FD rate is still so low!

    ReplyDelete
    Replies
    1. Hi MIM,

      My funds are too little for FDs. Hence the SSB do look pretty appetizing for now, especially with the interest rate that they're offering.

      I'm trying to build up more cash positions and hopefully this SSB is useful for my opportunity funds haha!

      Delete
  2. Will be subscribing my very first SSB in the upcoming one too!

    ReplyDelete
    Replies
    1. Hi CupcakedCrusader,

      Good luck with your SSB application :)

      Delete