Singapore Savings Bonds

drkcynic

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Yes, and you may have been premature. ;)


Yes, as long as you're respecting the overall $200,000 holding limit, inclusive of any redemptions you're also requesting.


I'm purely guessing (of course), but my guess is yes.

As pointed out in another thread, RHB Singapore is offering a 2.18% two year fixed deposit through the end of this month (June, 2019), minimum $20,000 -- and be advised that the SDIC coverage limit is $75,000. That's a good interest rate, but you also have the option to withdraw after a full year (12 months) and still collect 2.00% (but with no interest paid past the 12 month mark unless you endure for the full 24 months). A fixed deposit isn't quite the same thing as a SSB, but if you're looking for a safe place to park up to 75,000 Singapore dollars for either one year or two years (not for a period in between, please note), then RHB has an interesting offer.

Thanks for the share!

Maybe I'm being pedantic here but for a less renowned bank doing a promotion to try to gain market share, they should at least perform a spell check on their T&C documents.
 

Han Shot First

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Any idea how to estimate the price or the effective interest rate for the upcoming SGS 6-month T-bill (Issue Code: BS19100T)? The closing date for application via SGS primary dealers' internet banking is tomorrow 26 Jun 2019, 09:00 PM.

One way that I can think of is to compare to the yield (% p.a.) of 1-year T-bill (Issue Code: BY19100V) maturing on 31 Jan 2020, which is close to the maturity date of 31 Dec 2019 of BS19100T. However, I wonder whether this method is correct or whether there is a better way to answer my initial question.
 

icebarebear

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Can I know on which date will the interest be debited to my account?
 
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havetheveryfun

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Can I know on which date will the interest be debited to my account?

its in the pdf when they announce a new bond..

but usually is 1st business day every 6 months later,

e.g. if you apply in Jan and get the Jan bond on 1FEB, then you get the interest on 1 July, but if 1 july falls on a PH, sat or sun, you will get it on the first business day (or 2nd by the latest)
 

micgoh

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Any idea how to estimate the price or the effective interest rate for the upcoming SGS 6-month T-bill (Issue Code: BS19100T)? The closing date for application via SGS primary dealers' internet banking is tomorrow 26 Jun 2019, 09:00 PM.

One way that I can think of is to compare to the yield (% p.a.) of 1-year T-bill (Issue Code: BY19100V) maturing on 31 Jan 2020, which is close to the maturity date of 31 Dec 2019 of BS19100T. However, I wonder whether this method is correct or whether there is a better way to answer my initial question.

Is this BS19100T the Singapore saving bond? I went to SSB website and they say it closes yesterday but my posb app says it's today 26 June


Are they the same product?
 

BBCWatcher

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Is this BS19100T the Singapore saving bond?
No, that's the new 6 month T-bill. Details here, and the application deadline at the primary dealers (DBS/POSB, UOB, OCBC) is today (June 26, 2019).

The 20 year bond (NZ19100S) and this month's SSB (GX19070W) are past their application deadlines now. Answering another question, we should see the allocation results for GX19070W sometime this afternoon.
 

Rocket3

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When buying T-bill or SGS bond at ATM, is there any service fee (like the $2 service fee for SSB) per application?

If yes, how much is it?
 
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BBCWatcher

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When buying T-bill or SGS bond at ATM, is there any service fee (like the $2 service fee for SSB) per application?
No. The $2 transaction fee is for SSBs, not other types of SGSes.

....But you don't have to go to the ATM. Just log onto Internet banking, and you should be able to place an order. Sometimes you can even place an order from the mobile banking app.

Indeed, there are some functions you cannot do via ATM. For example, if you want to use SRS funds at OCBC to buy any SGSes, Internet banking works but the ATM doesn't.
 

aarontansp

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Tenor Approximately 10 Years
Maximum Amount Offered SGD 350,000,000
Total Amount Applied SGD 275,404,500
Total Application within
Individual Allotment Limits
SGD 271,430,500
Total Amount Allotted SGD 271,430,500
Issue Code GX19070W
ISIN Code SGXZ51203693
Maturity Date 01 July 2029


This Savings Bond was allotted using the Quantity Ceiling format. All
applicants were fully allotted, subject to the individual allotment limits.

it's undersubscribed. :s13:
 

yongsaver

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Wish they could increase individual limit to 500k.

you can write in to MAS to request for it. I wrote in 1 year ago to request to increase from 100K to 200K. they actually replied and said they will look into it. i was pleasantly surprised when they actually changed the limit. :D

but from 200k to 500K i think no case, as the bonds were created not for the cash rich but common folks to park their money. their conclusion is that cash rich folks can find their own lobang. don't need SSB.
 

Perisher

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Tenor Approximately 10 Years
Maximum Amount Offered SGD 350,000,000
Total Amount Applied SGD 275,404,500
Total Application within
Individual Allotment Limits
SGD 271,430,500
Total Amount Allotted SGD 271,430,500
Issue Code GX19070W
ISIN Code SGXZ51203693
Maturity Date 01 July 2029


This Savings Bond was allotted using the Quantity Ceiling format. All
applicants were fully allotted, subject to the individual allotment limits.

it's undersubscribed. :s13:

2% isn’t that attractive these days...
 

Jazzbie

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2% isn’t that attractive these days...

Interest rates are falling. Better to lock in this 1.93% first before it drops further. Next month's issue already dropping to 1.73%. $2 parking fee while waiting for market to correct without inflexibility of FD is good.
 

Perisher

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Interest rates are falling. Better to lock in this 1.93% first before it drops further. Next month's issue already dropping to 1.73%. $2 parking fee while waiting for market to correct without inflexibility of FD is good.

Do what suits your risk/reward appetite. :)
 

SpeedingBullet

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Tenor Approximately 10 Years
Maximum Amount Offered SGD 350,000,000
Total Amount Applied SGD 275,404,500
Total Application within
Individual Allotment Limits
SGD 271,430,500
Total Amount Allotted SGD 271,430,500
Issue Code GX19070W
ISIN Code SGXZ51203693
Maturity Date 01 July 2029


This Savings Bond was allotted using the Quantity Ceiling format. All
applicants were fully allotted, subject to the individual allotment limits.

it's undersubscribed. :s13:

Great! Full alloc for me :D
 
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