Singapore Savings Bonds

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rerear

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Trying to see whether worth to swap out old SSB.
Am I right with the below calculations:

Swap: SBFEB23, SBOCT22, SBSEP19, SBAUG19
Keep: SBDEC22, SBJUL18
 
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rachdanon

rachdanon

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Got a question, if I redeem, the prorated interest will be calculated till the day (like how our savings accounts work) or will I lose interest for the entire month (similar to how cpf works)?

Asking because want to know in a maxed out situation (200k limit), if I redeem X in a particular month and also buy X for the next month bond which issues early in the next month, how much interest will I lose from SSB. Waiting just before the redemption/buy deadline will help minimise the interest lost?
 
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sglandscape

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rachdanon said:
Got a question, if I redeem, the prorated interest will be calculated till the day (like how our savings accounts work) or will I lose interest for the entire month (similar to how cpf works)?

Asking because want to know in a maxed out situation (200k limit), if I redeem X in a particular month and also buy X for the next month bond which issues early in the next month, how much interest will I lose from SSB. Waiting just before the redemption/buy deadline will help minimise the interest lost?
Click to expand...
Please read the FAQ on MAS website. The line of questioning and making the comparison to CPF is a little odd.
 
reddevil0728

reddevil0728

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rachdanon said:
Got a question, if I redeem, the prorated interest will be calculated till the day (like how our savings accounts work) or will I lose interest for the entire month (similar to how cpf works)?
Click to expand...
More like saving account
rachdanon said:
Asking because want to know in a maxed out situation (200k limit), if I redeem X in a particular month and also buy X for the next month bond which issues early in the next month, how much interest will I lose from SSB. Waiting just before the redemption/buy deadline will help minimise the interest lost?
Click to expand...
No diff if u redeem on day 1 or last day.

cause it all gets redeemed and credited back on the 1st biz day of the following month
 
IcYFl4mEz

IcYFl4mEz

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swap previous for new, later the limit at 20k or so again, no point. just keep it
 
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Marvtan

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pratik28 said:
Nov22 ssb is 3.15% year 2 onwards already not bad leh, unless you have those below 3%.

risk of oversubscribe ?
Click to expand...
True that. But if the rates go up to 3.23% interest for 10 years. I might be missing out 500 if i stick to old rate at 3.21

have another locked at 3.4%
 
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