Singapore Savings Bonds

[af7680]

Dbs never send anything

Me too havent received sms or refund from dbs

 

[havetheveryfun]

Dbs never send anything

dbs wont send anything one.. most lousy service haha

 

[tiertime]

not speculate. the rates are able to be estimated by taking the averages of the SGS rates which is on the official government SGS website.

this site is what a kind forumer had done to automatically pull the data from the SGS site and average it out for an estimate for the next month, so far it has been quite accurate or close : http://isimplicity.tk/ssb/

how on earth he can foresee the next month interest

 

[swordsly]

how on earth he can foresee the next month interest

If you have read and comprehend this, you would be able too.

 

[heavenandearth88]

If your appln is in order, it is either u get 39k or 39.5k. as for refund, it is amount you apply - 39k or 39.5k.

Your bank may be late in refunding, but latest is typically by tomorrow.

dbs refunded the balance.

 

[linusz]

the dates and timings for redemption are exactly the same as the ones for application. whenever you can apply, you can also redeem. whenever you cant apply anymore, you also cant redeem. you can easily check the dates for redemption on the SSB website.

regarding redeeming and apply in the same month, thought you asked this question before and has already been answered.

So can one redeem and use the quota to buy new bond in the same month?

Posted from PCWX using ALP-L29

 

[havetheveryfun]

So can one redeem and use the quota to buy new bond in the same month?

Posted from PCWX using ALP-L29

yes you can.. just that you need extra cash to do so

e.g. 100k subscribed, you can redeem 100k and apply another 100k in the same month, but you would need another 100k to apply, as the redeemed 100k will still only come back to you the next month

but you can still redeem and apply in same month if you got the extra moolah

http://www.sgs.gov.sg/~/media/SGS/SGS Announcements pdf/SSB PDF/FAQ/SSB FAQs full_SRS.pdf

. If I have reached my “Individual Limit” but have submitted a
redemption request, will I be able to apply for new Savings Bonds
within the same month to bring my total holdings back to the
“Individual Limit”?
 Yes.

search for "same month" to find that clause

 

[linusz]

yes you can.. just that you need extra cash to do so

e.g. 100k subscribed, you can redeem 100k and apply another 100k in the same month, but you would need another 100k to apply, as the redeemed 100k will still only come back to you the next month

but you can still redeem and apply in same month if you got the extra moolah

http://www.sgs.gov.sg/~/media/SGS/SG...20full_SRS.pdf

. If I have reached my *********Individual Limit********* but have submitted a
redemption request, will I be able to apply for new Savings Bonds
within the same month to bring my total holdings back to the
*********Individual Limit*********?
 Yes.

search for "same month" to find that clause

Thanks man. Appreciate it. Forgot to check this out as I wanted to sell previous tranche for Jan subscription

Posted from PCWX using ALP-L29

 

[Urbanchap]

dbs wont send anything one.. most lousy service haha

Ya lor. Digital Bull Sh** bank.

 

[blue_denim24]

Hello, I had purchased some SSB in June 2018 (issue SBJuly18). This was my first purchase for ssb and as per the schedule I should receive interest amount in my DCS account in January 2019. May I check , what's the expected date when I can expect interest to be credited to my account in January?

 

[kehyi4]

Hello, I had purchased some SSB in June 2018 (issue SBJuly18). This was my first purchase for ssb and as per the schedule I should receive interest amount in my DCS account in January 2019. May I check , what's the expected date when I can expect interest to be credited to my account in January?

where would we be without this wonderful thing called FAQs?

SGS SSB FAQ:
Q12. When is interest paid? When will I receive the interest payments?
 Interest is paid every 6 months, on the 1st business day of the
month. The first interest payment will be made 6 months after you
receive your Savings Bonds. In general, for a Savings Bond that is
issued on 1 Oct, the interest payments will be made on 1 Apr and 1
Oct (assuming they are business days) of each subsequent year for
the next 10 years as long as you continue to hold the Savings Bond.
 Interest will be automatically credited into the following accounts:
- For cash subscriptions: your designated DCS bank account. This
is the bank account that is linked to your individual CDP
Securities account.
- For SRS subscriptions: your SRS account.

 

[SingaporeSoftwareZone]

not speculate. the rates are able to be estimated by taking the averages of the SGS rates which is on the official government SGS website.

this site is what a kind forumer had done to automatically pull the data from the SGS site and average it out for an estimate for the next month, so far it has been quite accurate or close : http://isimplicity.tk/ssb/

Only the 10-year estimate is accurate for the next issue. MAS will adjust the interest rates to get the step-up feature.

 

[havetheveryfun]

Only the 10-year estimate is accurate for the next issue. MAS will adjust the interest rates to get the step-up feature.

sad... they should adjust the 10-year rates instead

 

[SamSze]

Oh! I'm lucky to be selected for extra $500 more

Sent from Xiaomi POCOPHONE F1 using GAGT

New to SSB, and just a simple Q here - as to the last issuance of SSB, its application opened at 3 Dec 2018 and closed 26 Dec 2018. Not wise to apply early and it's best to apply at the last day (i.e. 26 Dec) before it closes, am I right? The whole appl period is rather long.

 

[giraffey]

New to SSB, and just a simple Q here - as to the last issuance of SSB, its application opened at 3 Dec 2018 and closed 26 Dec 2018. Not wise to apply early and it's best to apply at the last day (i.e. 26 Dec) before it closes, am I right? The whole appl period is rather long.

yes, applying later is better, since the bank would already deduct the money during the date of application.

 

[lemonchan]

u can check in jan in your CDP account

but if u have applied more than 39.5k, you will get either 39k or 39.5k

if u have applied less than 39.5k, you will gotten all that you have applied for .

no need to check unless some screw up in your applications by the banks.

Thanks. As this is my first time, can I confirm that every 6 months, the earning interest will goes into my bank account?

 

[Maeda_Toshiie]

Thanks. As this is my first time, can I confirm that every 6 months, the earning interest will goes into my bank account?

Yes.

Tenchan.

 

[havetheveryfun]

Thanks. As this is my first time, can I confirm that every 6 months, the earning interest will goes into my bank account?

u can also check the payment dates on future SSBs to confirm, it is written there the payment dates very clearly :

Coupon Payment Dates2 01 July and 01 January
First Coupon Payment Date2 01 January 2019 calculated from Issue Date

http://www.sgs.gov.sg/~/media/SGS/SGS Announcements pdf/SSB PDF/2018/Announcement GX18070N_Final.pdf

those who bought July SSB gonna get their first payment in 2 days time.. huat ah! but only 12.5k- 13k alloted

 

[kehyi4]

u can also check the payment dates on future SSBs to confirm, it is written there the payment dates very clearly :

Coupon Payment Dates2 01 July and 01 January
First Coupon Payment Date2 01 January 2019 calculated from Issue Date

http://www.sgs.gov.sg/~/media/SGS/SGS Announcements pdf/SSB PDF/2018/Announcement GX18070N_Final.pdf

those who bought July SSB gonna get their first payment in 2 days time.. huat ah! but only 12.5k- 13k alloted

Noticed the number "2" next to "Coupon Payment Dates"?

If you check the footnote, it says:
- Where the issue/settlement date, coupon payment, redemption or maturity date
specified above falls on a day that the electronic payment system, established by
the MAS, is not in operation, issuance/settlement, coupon payment or
redemption, as the case may be, will be effected on the next day when the
electronic payment system is in operation.

Which is a very long-winded of saying : 1 Jan is a public holiday, no one is working. The coupon payment will come on 2 Jan, ie the first working day of the month

 

[blue_denim24]

Thanks for the info!

where would we be without this wonderful thing called FAQs?

SGS SSB FAQ:
Q12. When is interest paid? When will I receive the interest payments?
 Interest is paid every 6 months, on the 1st business day of the
month. The first interest payment will be made 6 months after you
receive your Savings Bonds. In general, for a Savings Bond that is
issued on 1 Oct, the interest payments will be made on 1 Apr and 1
Oct (assuming they are business days) of each subsequent year for
the next 10 years as long as you continue to hold the Savings Bond.
 Interest will be automatically credited into the following accounts:
- For cash subscriptions: your designated DCS bank account. This
is the bank account that is linked to your individual CDP
Securities account.
- For SRS subscriptions: your SRS account.