Singapore Savings Bonds

[BBCWatcher]

Tbill 4.19% sky high makes this trunch SSB 3.0% interest not so attractive liao. But SSB applications are made before Tbill auction result, so I expect SSB bollot still not so much

They're very different offers. A 6 month T-bill matures in, well, 6 months. That's the end of that offer. A Singapore Savings Bond matures in 10 years and is redeemable (with accrued interest) in any month in between.

With the 6 month T-bill you're basically locking your Singapore dollars for the full 6 months. If there's an emergency 2 months from now you might be able to sell your T-bill on the secondary market, but it could be rather difficult and with no assurance of any particular price. With a SSB you just submit the redemption request, and you get some or all of your SSB back (as you prefer), with accrued interest, in the next monthly cycle. (Figure 5 weeks at the most if your redemption request timing is the worst.)

If interest rates go down within the next couple months (for example) then the SSB rate schedule for the next 10 years could be really attractive. The market interest rates could be very different 6 months from now when your T-bill matures.

 

[hyperfuse]

They're very different offers. A 6 month T-bill matures in, well, 6 months. That's the end of that offer. A Singapore Savings Bond matures in 10 years and is redeemable (with accrued interest) in any month in between.

With the 6 month T-bill you're basically locking your Singapore dollars for the full 6 months. If there's an emergency 2 months from now you might be able to sell your T-bill on the secondary market, but it could be rather difficult and with no assurance of any particular price. With a SSB you just submit the redemption request, and you get some or all of your SSB back (as you prefer), with accrued interest, in the next monthly cycle. (Figure 5 weeks at the most if your redemption request timing is the worst.)

If interest rates go down within the next couple months (for example) then the SSB rate schedule for the next 10 years could be really attractive. The market interest rates could be very different 6 months from now when your T-bill matures.

well said~

SSB interest rates for now seem decent for me and i like it due to it being 10 years and yet flexible in redeeming with pro rated interests. So much better than putting in a FD or endowment or other products that lock your money in and redeeming gets a penalty.

Can anytime redeem and re purchase when a higher one comes along, if i am happy with that rate, just stick with it for the full 10 years.

Only downside of course if the allocation per tranche, that is why with it being ongoing, just split up your monies to create a ssb ladder, redeeming along the way if something is better hehe.

 

[shadow84]

Question is, how easy is it to understand and play with T-bill as compared to SSB? Maybe for layman, SSB is more straightforward in applying/redemption and understanding against FD.

 

[reddevil0728]

Question is, how easy is it to understand and play with T-bill as compared to SSB? Maybe for layman, SSB is more straightforward in applying/redemption and understanding against FD.

Why need to play?

read first 2 posts of Tbill thread, apply for it can already

 

[hwckhs]

https://www.mas.gov.sg/bonds-and-bi...ond?issue_code=GX22110A&issue_date=2022-11-01
This Savings Bond was allotted using the Quantity Ceiling format. Applicants who applied for S$10,000 or lower were fully allotted, subject to the individual allotment limits.
Applicants who applied for S$10,500 or higher were allotted either S$10,000 or S$10,500.
Approximately 29.15% of these applicants were selected at random and allotted the additional S$500.

 

[0218crawford]

chey. 10K nia. lucky hoot t-bill.

 

[888888888888]

wa, next round get what..

 

[LowSesHotelEater2019]

10000. Do little

 

[hyperfuse]

argh~ 10k haha

means i get allocated 20k in total for 2 accounts

 

[V_for_Vanilla]

10k allocation. Kind of expected.

 

[rachdanon]

buay pai...recent allocations recall there was a $9k one...cant remember.

 

[datalock]

buay pai...recent allocations recall there was a $9k one...cant remember.

August 2022

 

[hyperfuse]

Seems like alot people still look towards SSB. I guess the younger generation. Older folks most likely go to FD.

 

[BBCWatcher]

(Ignore this post.)

 

[lzjlee]

May I check when will the monies be refunded for amount that exceeded the allotment? N will it be refunded to the DCS bank account or the bank account used to apply? Thanks!

 

[jseyong]

Reminder: There's no Singapore Savings Bond issued in January, 2023 (to buy in late December, 2022). The next SSB (to buy in late November, issued December 1) is the last one until you can buy the next one in late January (issued on or about February 1, 2023).

Christmas is also a vacation for SSBs, basically. Merry Christmas?

Oh this is new to me. Do you have the link to the source for this info? Thanks!

 

[LowSesHotelEater2019]

Reminder: There's no Singapore Savings Bond issued in January, 2023 (to buy in late December, 2022). The next SSB (to buy in late November, issued December 1) is the last one until you can buy the next one in late January (issued on or about February 1, 2023).

Christmas is also a vacation for SSBs, basically. Merry Christmas?

Is it like this every year

 

[V_for_Vanilla]

May I check when will the monies be refunded for amount that exceeded the allotment? N will it be refunded to the DCS bank account or the bank account used to apply? Thanks!

Already refunded into the account you applied with.

 

[Carnesir]

zun zun 10k applied!!!

next month take 10k salary hoot again.

 

[LowSesHotelEater2019]

May I check when will the monies be refunded for amount that exceeded the allotment? N will it be refunded to the DCS bank account or the bank account used to apply? Thanks!

Bank account

i check my uob acct
Alr refunded
Is instant so long u recive the sms of yr allocation