Singapore Savings Bonds

[SiGendut]

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	3.01	3.01	3.01	3.01	3.01	3.01	3.01	3.14	3.20	3.20
Average return per year %*	3.01	3.01	3.01	3.01	3.01	3.01	3.01	3.02	3.04	3.06

https://www.mas.gov.sg/bonds-and-bi...ond?issue_code=GX23090F&issue_date=2023-09-01
10 year yield got a little bump up to 3.06% pa. All years are at least 3.01% pa.

disappointing... it's worse than April 2023 issuance...

 

[reddevil0728]

disappointing... it's worse than April 2023 issuance...

it's erm. expected?

 

[SiGendut]

it's erm. expected?

projection was steady at 3.05 ... at least the first 7 years is still better the past few months issuance...

 

[reddevil0728]

projection was steady at 3.05 ... at least the first 7 years is still better the past few months issuance...

uhuh.

 

[havetheveryfun]

projection was steady at 3.05 ... at least the first 7 years is still better the past few months issuance...

0.05 not much difference..i got some at ~2.90% also lazy to swap out

 

[TehSi99]

disappointing... it's worse than April 2023 issuance...

But good enough for those who swap with the low 2+% and extension for another 10 years.

 

[Meemoosaa]

Come In see look…. Long time no hang around here but I usually check in when SSB is above 3% to see if there’s any buzz going on. Looks like everyone is more into T-bills these days ?

 

[sglandscape]

Come In see look…. Long time no hang around here but I usually check in when SSB is above 3% to see if there’s any buzz going on. Looks like everyone is more into T-bills these days ?

People's horizon here not so long it seems but the current month SSB at above 3% is worth it for sure.

 

[LowSesHotelEater2019]

People's horizon here not so long it seems but the current month SSB at above 3% is worth it for sure.

Why ah.
sorry im new

 

[sglandscape]

Why ah.
sorry im new

The people here tend to like the 6m or 12m at most products. SSB even though can hold for 10y, people tend to focus on 1y rate first, then the 10y rate next.

That's why tbills and those short term FDs are so popular.

 

[abcde83]

3+% was a godsend not long ago when money rushed into cpf oa at 2.5%....

3+% is decent enough. heck it's only 200k, what's the fuss anyway

 

[little pupsky]

3+% was a godsend not long ago when money rushed into cpf oa at 2.5%....

3+% is decent enough. heck it's only 200k, what's the fuss anyway

Well, not everyone sees 200k as “only” 200k.

 

[magicming]

$200k at 3% or 3.5% is a difference of $10,000 over ten years. It’s about $83 per month. Perhaps can get 15 simple lunches of $5-6 each. Can be quite significant to many people.

 

[havetheveryfun]

$200k at 3% or 3.5% is a difference of $10,000 over ten years. It’s about $83 per month. Perhaps can get 15 simple lunches of $5-6 each. Can be quite significant to many people.

but ssb havent reach 3.5% yet so far?

or u mean like short term ppl prefer other instrument than ssb cos giving higher than 3%?

 

[LowSesHotelEater2019]

but ssb havent reach 3.5% yet so far?

or u mean like short term ppl prefer other instrument than ssb cos giving higher than 3%?

Fixed deposit for dbs only 12 month already 3.2 percent.

 

[sglandscape]

Fixed deposit for dbs only 12 month already 3.2 percent.

Max can put 20k only leh

 

[BBCWatcher]

Fixed deposit for dbs only 12 month already 3.2 percent.

Max can put 20k only leh

HSBC is currently offering 3.45% p.a. on a 12 month fixed deposit for $30,000 or more. RHB is offering 3.40% p.a. on a 12 month fixed deposit for $20,000 or more. At $20,000 and below (down to $1,000 minimum) it looks like DBS has the best 12 month fixed deposit offer (or at least tied).

That's this month (August, 2023). Rates and offers change all the time, of course.

The SDIC coverage limit is $75,000 per depositor.

 

[magicming]

but ssb havent reach 3.5% yet so far?

or u mean like short term ppl prefer other instrument than ssb cos giving higher than 3%?

Just for example. But I did manage to get some 3.47% SSB. My main point is returns from $200k can create significant difference in life for quite a few people. So, I’m redeeming those below 2.5% SSBs. And going to buy new 3.xx% SSBs. I’ve already been a bit late. Because I also thot, never mind. Don’t need to bother. But I should bother. !!!

 

[zeroX26]

Just for example. But I did manage to get some 3.47% SSB. My main point is returns from $200k can create significant difference in life for quite a few people. So, I’m redeeming those below 2.5% SSBs. And going to buy new 3.xx% SSBs. I’ve already been a bit late. Because I also thot, never mind. Don’t need to bother. But I should bother. !!!

Pls lah, at this %, it was so oversub that everyone was allocated 14 or 14.5k max nia.

 

[magicming]

Pls lah, at this %, it was so oversub that everyone was allocated 14 or 14.5k max nia.

That is right. But that’s not my main point.