Singapore Savings Bonds

[reddevil0728]

My guess is Tan Kim Lian.
Unless you really have no choice and really cannot afford to live in Singapore, I really doubt that living in JB can be better than here. Blink blink.

Don’t get relevance to this topic

 

[chainsawman]

how come jun ssb lower interest, when Fed still hiking interest rate?

 

[m0n0n0ke]

how come jun ssb lower interest, when Fed still hiking interest rate?

lol...drop like SHxx...maybe can reach 2.6%

 

[sohguanh]

lol...drop like SHxx...maybe can reach 2.6%

Haha .... now best deal is still DBS Manulife Savvy Endowment but only 2 years. 10 years above lobang need to wait lor

 

[BBCWatcher]

Haha .... now best deal is still DBS Manulife Savvy Endowment but only 2 years. 10 years above lobang need to wait lor

Those are very different offers. Singapore Savings Bonds are 100% government guaranteed (including interest) and fully liquid on monthly redemption cycles. Manulife's endowment plan is only guaranteed by Manulife (with partial SDIC backstopping) and is not liquid for 2 years. (There's a surrender value before the 2 years are up, but it's pretty awful.) And there are some other differences, but those are the big ones.

 

[Informant]

Fed fund rate 5-5.25%. Jun ssb 2.7%. Mas eat almost half…

 

[reddevil0728]

Fed fund rate 5-5.25%. Jun ssb 2.7%. Mas eat almost half…

This post of yours obviously show that you don’t understand how ssb works.

and just shooting off conspiracy theory.

 

[zeroX26]

Fed fund rate 5-5.25%. Jun ssb 2.7%. Mas eat almost half…

Meanwhile, US mortgage interest rate is about 6.8% while the 3 big banks in SG are offering about 3.5-3.6%. Why you never kowtow and thank them for being kind and short-changing themselves for such "low" rates ?

 

[BBCWatcher]

Meanwhile, US mortgage interest rate is about 6.8% while the 3 big banks in SG are offering about 3.5-3.6%.

There is an interest rate spread, but it's not quite that wide. Singapore doesn't offer 30 year fixed rate mortgages. The closest reasonably popular U.S. mortgage rate for comparison is the "5/1 ARM," comparable to Singapore's 5 year fixed rate mortgage. The average U.S. 5/1 ARM rate is about 5.81% according to Bankrate.com.

I have a family member who's currently paying 2.X% on a 30 year fixed rate mortgage. I think Shiny Things is also paying 2.X%. They have no interest rate risk on their mortgages. But here in Singapore we practically always have to live with interest rate risks because there's nothing past 5 years fixed.

 

[reddevil0728]

There is an interest rate spread, but it's not quite that wide. Singapore doesn't offer 30 year fixed rate mortgages. The closest reasonably popular U.S. mortgage rate for comparison is the "5/1 ARM," comparable to Singapore's 5 year fixed rate mortgage. The average U.S. 5/1 ARM rate is about 5.81% according to Bankrate.com.

I have a family member who's currently paying 2.X% on a 30 year fixed rate mortgage. I think Shiny Things is also paying 2.X%. They have no interest rate risk on their mortgages. But here in Singapore we practically always have to live with interest rate risks because there's nothing past 5 years fixed.

Wrong premise right?

 

[philips107]

This post of yours obviously show that you don’t understand how ssb works.

and just shooting off conspiracy theory.

Or even what's the fed fund rate heh.

Comparing apples to oranges.

 

[sglandscape]

Fed fund rate 5-5.25%. Jun ssb 2.7%. Mas eat almost half…

Please at the very least quote an FX implied rate, and at the same tenor point. You're comparing an overnight USD rate against a 10y SGD term rate (while the curve is inverted too).

If you can find me a AA-credit 10y paper at 5-5.25% please let me know, I'll be happy to buy.

 

[BBCWatcher]

Wrong premise right?

Probably, but if you’re going to compare interest rates then you have to do it carefully. You would compare like for like rates then also adjust for other factors such as taxes. I’d also try to compare real interest rates, not nominal.

 

[reddevil0728]

Probably, but if you’re going to compare interest rates then you have to do it carefully. You would compare like for like rates then also adjust for other factors such as taxes. I’d also try to compare real interest rates, not nominal.

Yea. So important to look at context to what the post is relating to

 

[Cryophoenix]

Meanwhile, US mortgage interest rate is about 6.8% while the 3 big banks in SG are offering about 3.5-3.6%. Why you never kowtow and thank them for being kind and short-changing themselves for such "low" rates ?

If DBS raise mortgage rates to 6.8%, we might see record profits again.

 

[reddevil0728]

If DBS raise mortgage rates to 6.8%, we might see record profits again.

Is more about the spread you realise right?

 

[hwckhs]

Projection by https://www.ilovessb.com/projection/SBJUL23 , as of 11/5/2023:

SBJUL23

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.76	2.77
Average return per year %	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.74

 

[bargin]

Projection by https://www.ilovessb.com/projection/SBJUL23 , as of 11/5/2023:

SBJUL23

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.76	2.77
Average return per year %	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.74	2.74

Rate dropping and flat line ....

 

[gold_eagle36]

This thread can hibernate awhile already

 

[reddevil0728]

This thread can hibernate awhile already

why need. not useful for u does not mean not useful for others ma