Singapore Savings Bonds

[qazamy]

Whack $50k, should be able to be allotted full amount as last month's result was max $74k

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[qazamy]

Ask y'all ah...

If my mum's CDP is linked to the same joint bank account with me, will I be able to purchase for her SSB using my iBanking account when I input her CDP account number?

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[havetheveryfun]

Whack $50k, should be able to be allotted full amount as last month's result was max $74k

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you may be wrong.. because many ppl who wanted to apply last month were waiting for this month to apply..

and those who applied for 100k but only got 74k last month will apply their remaining 26k this month too...

 

[hindsight]

Whack $50k, should be able to be allotted full amount as last month's result was max $74k

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This month's SSB is most likely going to be heavily oversubscribed because the long end of the curve has collapsed, both 5yr and 10 yr returns are going to be significantly lower from next month onwards, this is the last chance to get decent yield.

 

[tiertime]

This month's SSB is most likely going to be heavily oversubscribed because the long end of the curve has collapsed, both 5yr and 10 yr returns are going to be significantly lower from next month onwards, this is the last chance to get decent yield.

wah like this say, everyone will get below 20k liao...

anyone knows when will they transfer the unused money back into our account for DBS and UOB ?

 

[ocs_woodlands]

Applied 20k.

 

[foxer77]

This month's SSB is most likely going to be heavily oversubscribed because the long end of the curve has collapsed, both 5yr and 10 yr returns are going to be significantly lower from next month onwards, this is the last chance to get decent yield.

Agreed, since the next month bond yield Is good only for short term holding this month should have lot for application

 

[foxer77]

wah like this say, everyone will get below 20k liao...

anyone knows when will they transfer the unused money back into our account for DBS and UOB ?

2or 3 Jan 19

 

[Iceman127]

First time buying ssb to try try.
Any bros can enlighten me on how this buying process works?

1) I noticed the amount is directly n right away deducted for the amount I apply for SSB. Is it normal?

2) If allocation fail will they immediately reimburse me back the money to my bank account?

3) I using Ocbc to apply for ssb but my Cdp account direct credit is POSB. Should be no issue right?

4) Will the interest n redeem of ssb will go into my ocbc or POSB?

Inexperienced ssb buyer here seeking advise from pros.

 

[Intel888]

First time buying ssb to try try.
Any bros can enlighten me on how this buying process works?

1) I noticed the amount is directly n right away deducted for the amount I apply for SSB. Is it normal?

Ans: Yes

2) If allocation fail will they immediately reimburse me back the money to my bank account?

Ans: Time frame depends on the bank, but usually within 1-2days

3) I using Ocbc to apply for ssb but my Cdp account direct credit is POSB. Should be no issue right?

Ans: No issue.

4) Will the interest n redeem of ssb will go into my ocbc or POSB?

Ans: POSB

Inexperienced ssb buyer here seeking advise from pros. ��

I'm also newbie. If any errors abv, feel free to correct.

 

[Squaredot]

wah like this say, everyone will get below 20k liao...

anyone knows when will they transfer the unused money back into our account for DBS and UOB ?

u asking about refund? Not sure about UOB.
For DBS/POSB, u will receive refund one day after balloting result.
But OCBC refund faster, will be credited in the afternoon after balloting result, will rec SMS notification on results too.
My experience.

 

[tiertime]

u asking about refund? Not sure about UOB.
For DBS/POSB, u will receive refund one day after balloting result.
But OCBC refund faster, will be credited in the afternoon after balloting result, will rec SMS notification on results too.
My experience.

yes i asking about the refund after balloting result, coz i want to estimate the amount of interest i will lose from banks for the delay...


Edit: just saw: "Results: After 3.00pm, 27 Dec 2018"
http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

 

[tiertime]

Done

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wow so last minute...

 

[havetheveryfun]

wow so last minute...

well he didnt really want to apply at first.. haha

 

[limster]

maybe next month I just buy the Singapore Life 5-year guaranteed 2.5% endownment instead of SSB

 

[tiertime]

well he didnt really want to apply at first.. haha

ohh, now the banks interest like below this interest, wat better choice is there...

maybe next month I just buy the Singapore Life 5-year guaranteed 2.5% endownment instead of SSB

but 5 years is so long leh.. they got give voucher many many boh... last yr FWD giving $50 ntuc voucher for placement of $15000 for 2 or 3 years , missed the boat haiz...

 

[havetheveryfun]

ohh, now the banks interest like below this interest, wat better choice is there...

bank interest is only lower provided you get it all for the SSB ma, the concern is that this time round may be oversubscribed and may not get all, then waste that 1-2 days of interest.. but actually is not a lot la, i calculated even 5% at 100k, 1 day of interest around $13..

but 5 years is so long leh.. they got give voucher many many boh... last yr FWD giving $50 ntuc voucher for placement of $15000 for 2 or 3 years , missed the boat haiz...

thought that time the max for Singlife only $6000 ?

 

[tiertime]

bank interest is only lower provided you get it all for the SSB ma, the concern is that this time round may be oversubscribed and may not get all, then waste that 1-2 days of interest.. but actually is not a lot la, i calculated even 5% at 100k, 1 day of interest around $13..

thought that time the max for Singlife only $6000 ?

where got 5% interest so much de... i tink most only 2% nia...

i duno what is Singlife... never heard of Singlife $6000 savings plan/ endowment...

eSaver 1.9% anytimes can withdrawal, interest is daily basis. No $2+$2 withdrawn fees. No need wait next month for money.

oh... but have to play merry go round, issit every 2 or 3 months now? i can't remember... i more than 1 year having $0 in esavers le...

 

[havetheveryfun]

where got 5% interest so much de... i tink most only 2% nia...

as in, even at 5% yield for 100k, its only 13 dollars loss.. meaning the loss is only around $5-$6 or less max so dont know why people are so concerned about losing that 1-2 days of interest

 

[tiertime]

as in, even at 5% yield for 100k, its only 13 dollars loss.. meaning the loss is only around $5-$6 or less max so dont know why people are so concerned about losing that 1-2 days of interest

oh, coz i not sure it is for 1-2 days, i tot its like a week then they refund back