Singapore Savings Bonds

[sglandscape]

See what matters to you - short term, mid term, or long-term rates (i.e. how long you intend to hold)

Some issues can have lower short term rates but mid term/ long-term rates higher.
Other issues just almost flat throughout.

A huge mistake is to make decisions based on just the average rate for holding the full 10 years, i.e. the rate that is most frequently highlighted.

Fully agree. Knowing the term structure matters. Also good to know if it's flat for all the years you could redeem it at any point if there are better alternatives.

In the usual world it steps up each year and encourages you to hold for longer

 

[swathe]

SSB closing date on 28th means Monday still can apply?

 

[reddevil0728]

SSB closing date on 28th means Monday still can apply?

uhuh. why cannot? 9pm on closing date what

did you see the timeline?

https://www.mas.gov.sg/bonds-and-bi...ond?issue_code=GX23090F&issue_date=2023-09-01

 

[HMAN]

applying on Sept and October.
think of long term progressive saving.

you can't win all, just ensure you are on the upper hand will do.


chances are plentiful.
no point keep waiting.

one can always redeem the less attractive lot and replace with the higher interest SSB lot.



just discovered, I have 50k feb23 SSB that I forgotten to redeem. first time ever to hit the 200k cap, test out the system to redeem meanwhile bidding amount to hit the cap to see will I get rejected.
I have 170k SSB, redeem 50k and bidding 50k September SSB.


Read HWZ Forum Rules!

 

[BBCWatcher]

It also costs $4 to swap a SSB for a new one, so factor that cost into your computation. And there’s some risk of oversubscription each month.

 

[TehSi99]

applying on Sept and October.
think of long term progressive saving.

you can't win all, just ensure you are on the upper hand will do.


chances are plentiful.
no point keep waiting.

one can always redeem the less attractive lot and replace with the higher interest SSB lot.



just discovered, I have 50k feb23 SSB that I forgotten to redeem. first time ever to hit the 200k cap, test out the system to redeem meanwhile bidding amount to hit the cap to see will I get rejected.
I have 170k SSB, redeem 50k and bidding 50k September SSB.


Read HWZ Forum Rules!

Let's us know if it works.
Most importantly the way I look at it to test, is to redeem first and then apply a new one. You need to have the 50k when you apply for the new one,

 

[Lkasdf1234]

Let's us know if it works.
Most importantly the way I look at it to test, is to redeem first and then apply a new one. You need to have the 50k when you apply for the new one,

Yes, you can redeem and apply at the same time when you are at 200k limit. I have done it in the past, and It is one of the FAQ. Must have enough money to apply(can't use redeem amount).
https://www.mas.gov.sg/contact-us/faqs/singapore-savings-bonds-faqs

 

[vsvs24]

OCBC sys down. ATM and credit card affected too.

Today SSB, SGS close at 9pm. So don't transfer money into OCBC to buy them unless confirm sys is up or money may be stuck. Use DBS or UOB instead.

https://www.channelnewsasia.com/sin...=internal_sharetool_androidphone_28082023_cna

 

[lzydata]

OCBC sys down. ATM and credit card affected too.

Today SSB, SGS close at 9pm. So don't transfer money into OCBC to buy them unless confirm sys is up or money may be stuck. Use DBS or UOB instead.

https://www.channelnewsasia.com/sin...=internal_sharetool_androidphone_28082023_cna

Eh if one's money is already stuck inside OCBC? Run to the branch and withdraw in cash by today to apply for SSB/SGS at another bank?

Not good.

 

[bargin]

OCBC sys down. ATM and credit card affected too.

Today SSB, SGS close at 9pm. So don't transfer money into OCBC to buy them unless confirm sys is up or money may be stuck. Use DBS or UOB instead.

https://www.channelnewsasia.com/sin...=internal_sharetool_androidphone_28082023_cna

Heng ah ! I applied at 8;20 am for SSB at OCBC ATM Machine before sys down

 

[vsvs24]

Eh if one's money is already stuck inside OCBC? Run to the branch and withdraw in cash by today to apply for SSB/SGS at another bank?

Not good.

Can only hope sys comes up before 9pm then.

Anyway SSB next mth higher than this mth. Better to apply next mth.

But some people might want to redeem by today.

 

[lzydata]

Can only hope sys comes up before 9pm then.

Anyway SSB next mth higher than this mth. Better to apply next mth.

But some people might want to redeem by today.

Yeah, fortunately redemptions can be done at any bank. Moral of the story, bank with at least 2 of the big 3

 

[bargin]

now, OCBC said their ATM services have been restored

 

[vsvs24]

now, OCBC said their ATM services have been restored

ATM and credit card restored.

Mobile app ask to do update

 

[reddevil0728]

OCBC sys down. ATM and credit card affected too.

Today SSB, SGS close at 9pm. So don't transfer money into OCBC to buy them unless confirm sys is up or money may be stuck. Use DBS or UOB instead.

https://www.channelnewsasia.com/sin...=internal_sharetool_androidphone_28082023_cna

Those whose money primarily in OCBC stuck.

but then again, should never be last min

Can only hope sys comes up before 9pm then.

Anyway SSB next mth higher than this mth. Better to apply next mth.

But some people might want to redeem by today.

But if oversub, might not actually be better to apply next month unless is not a big amount

 

[ekardo]

hoho...dbs also having issue with SSB...

 

[ekardo]

relogin and ok liao..

 

[windwaver]

OCBC sys down. ATM and credit card affected too.

Today SSB, SGS close at 9pm. So don't transfer money into OCBC to buy them unless confirm sys is up or money may be stuck. Use DBS or UOB instead.

https://www.channelnewsasia.com/sin...=internal_sharetool_androidphone_28082023_cna

Those with their stash in OCBC got to go branch.

 

[Hakuna Matata]

OCBC internet banking is back.
https://www.straitstimes.com/singapore/all-ocbc-banking-services-down-due-to-network-issues

 

[AndroidComa]

anyways i was just sending a screenshot to my wife to apply for SSB, and in the OCBC app, their cut off is 1pm, not 9pm today.