Singapore Savings Bonds

[Ole Gunner]

I redeemed all of my ssb, cash and srs a few days ago. collecting all the ammo for the correct time to go long...

jin satki, same here...

getting funds where i can, then buy when valuations are acceptable and go looooooooooooooooong

 

[wutawa]

Both of u jin satki! Getting prepared for war! Can buy in anytime from apr onwards. If market reverses on mid apr, i will suck thumb while u2 huat big.

 

[touchring1]

I redeemed all of my ssb, cash and srs a few days ago. collecting all the ammo for the correct time to go long...

You got the cash already?

 

[crystalnox]

All waiting for 2nd March withdrawal payout.

 

[potshot]

anyone putting in more? i am going to take it out soon

 

[BBCWatcher]

The Monetary Authority of Singapore just announced that everyone who applied for Singapore Savings Bond GX20040X (April 1, 2020, issue) who hasn't exceeded his/her individual $200,000 limit got their full request filled. However, saver enthusiasm definitely picked up: this SSB received about double the previous month's total amount of applications.

I think some congratulations are due to those of you who placed an order yesterday, assuming you needed some SSB savings for sensible reasons. This'll be the last decent yielding SSB for a while, I expect. The next SSB looks like it'll have interest rates about 30 to 40 basis points below GX20040X.

 

[hwckhs]

The Monetary Authority of Singapore just announced that everyone who applied for Singapore Savings Bond GX20040X (April 1, 2020, issue) who hasn't exceeded his/her individual $200,000 limit got their full request filled. However, saver enthusiasm definitely picked up: this SSB received about double the previous month's total amount of applications.

I think some congratulations are due to those of you who placed an order yesterday, assuming you needed some SSB savings for sensible reasons. This'll be the last decent yielding SSB for a while, I expect. The next SSB looks like it'll have interest rates about 30 to 40 basis points below GX20040X.

Not sure if there's any publicly available data to back this, but I bet that redemption also increased, with so many people withdrawing their warchest to invest.

 

[doody_]

Quite a lot of friends liquidated part of their SSBs to switch to equities.

 

[lufu]

I don't think this info is accurate as I had 10k refunded.

 

[henrylbh]

Why would anyone wants SSB to earn 1.63 over ten years?

Now is like once in 10 years opportunity that the market is looking good, though it may still go down. Quite a number of decent equities is giving more than 5% with more upside potential over the ten year's period.

 

[kickass22]

Maybe as part of their emergency fund?

Why would anyone wants SSB to earn 1.63 over ten years?

Now is like once in 10 years opportunity that the market is looking good, though it may still go down. Quite a number of decent equities is giving more than 5% with more upside potential over the ten year's period.

 

[af7680]

Maybe as part of their emergency fund?

i have a few friends who plan buying a house in a near future... they feel ssb is a safer option to park some of their money

 

[polyglob]

Why would anyone wants SSB to earn 1.63 over ten years?

Now is like once in 10 years opportunity that the market is looking good, though it may still go down. Quite a number of decent equities is giving more than 5% with more upside potential over the ten year's period.

Capital preserved, interest guaranteed versus roller coaster with potential for high gains or crash and burn.

Some people choose one. Some people choose the other. Some people split their money between the two.

 

[gerdhold]

Why would anyone wants SSB to earn 1.63 over ten years?

Now is like once in 10 years opportunity that the market is looking good, though it may still go down. Quite a number of decent equities is giving more than 5% with more upside potential over the ten year's period.

Similar to why would anyone want US Treasuries that earns 70bps for 10 years....

 

[subprimelive]

Similar to why would anyone want US Treasuries that earns 70bps for 10 years....

does it mean u can only earn 0.70% for 10 years?why are the big banks buying us treasuries then?

 

[BBCWatcher]

Similar to why would anyone want US Treasuries that earns 70bps for 10 years....

No, as I write this the last quote on the 10 year U.S. Treasury pegged the gross nominal yield at 67 basis points per year. Leaving aside the important fact that a Singapore Savings Bond is principal and accrued interest guaranteed, the April 1, 2020, SSB was analogous to a 10 year U.S. Treasury yielding 105 basis points per year, not 67. That is, the interest rate schedule for that SSB was mostly determined before market interest rates collapsed. So it looked (and still looks) quite attractive for those who'd like one last chance to lock in decent interest rates on rather highly liquid emergency reserve....

....And if something better comes along, no problem, you can cash out a SSB any month you wish (with principal and accrued interest guaranteed) and buy into that something better. However, if we start seeing posts from people complaining that the best 1 year fixed deposit they can find pays 0.5% interest, the folks who bought this past month's SSB will be really pleased with themselves.

 

[lufu]

Best tool to park some excess cash under AAA rating instrument which could quite possibly be the highest rate seen for a very long time to come.

 

[gazar1]

Best tool to park some excess cash under AAA rating instrument which could quite possibly be the highest rate seen for a very long time to come.

Hi can any one advice me I have about $80-$100k but I am not investment savvy, can I dump all into SSB now and let it grow by itself?

Or is there any other Low risk method to gain interest?

I prefer stress free just park the money in only.

 

[MrCoconut]

Hi can any one advice me I have about $80-$100k but I am not investment savvy, can I dump all into SSB now and let it grow by itself?

Or is there any other Low risk method to gain interest?

I prefer stress free just park the money in only.

Ssb good for u

Sent from 8riversuites using GAGT

 

[vsvs24]

Hi can any one advice me I have about $80-$100k but I am not investment savvy, can I dump all into SSB now and let it grow by itself?

Or is there any other Low risk method to gain interest?

I prefer stress free just park the money in only.

SSB very low now. Effective interest rate over 10 yrs is only 1.39%. First 2 yrs just 0.96%.

https://www.mas.gov.sg/bonds-and-bi...ond?issue_code=GX20050A&issue_date=2020-05-04

If you do not need to use the funds for 3 years, can consider Maybank 3 years FD at 2.05%. Just place upto 75k which is SDIC limit per person per account or upto 150k if joint account (assuming no other bank accounts with Maybank.).

https://sslsecure.maybank.com.sg/cg...097.1582913845.1585780130-43914101.1570965593