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Starts | 1 Jul 2024 (Mon) | Ends | 29 Jul 2024 (Mon) |
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Location | Not Specified |
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Get an annual return of up to 3.22%
The latest issue of Singapore Savings Bonds (SSB) promises an attractive annual return of up to 3.22%, with applications open until 29 July 2024. This investment opportunity, part of a government-backed
scheme known for its security
and flexibility, requires a minimum investment of just $500, making it accessible to a wide range of investors.
Key Investment Information:
- Minimum investment:
$500
per bond
- No
cap on individual
bond purchase
- Maximum
holding
limit: $200,000
per individual
As a low-risk investment, Savings Bonds are backed by the Singapore Government, ensuring both the principal
and interest payments are secure. Investors can rest assured that their initial investment is protected
against interest rate fluctuations post-purchase.
Savings Bonds serve as an excellent addition to a diversified savings and investment portfolio, offering a dependable avenue for achieving
long-term financial objectives.
- Guaranteed
Security
The principaland interest
are fully guaranteed by the Singapore Government, providing
a risk-free investment.
- Long-term
Growth
Investors can benefitfrom a ten-year
maturity period with progressively increasing interest,
rewarding long-term commitment.
Flexibility
Investors have theoption to withdraw their investment at any time
without penalties,
offering unparalleled liquidity.
Interest rates for this issue are lower compared to the June 2024 issue.
Interest Rates
The following table illustrates the interest rates for the SBAUG24 GX24080W issue over a ten-year period:
Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Interest % | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.20 | 3.28 | 3.31 | 3.31 |
Average return per year %* | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.20 | 3.21 | 3.22 |
- For guidance on how to invest in Singapore Savings Bonds, click here.
- Current bondholders looking to withdraw their investments can find instructions
here.
- For information on allotment data for previous issues,
click here.
- For comprehensive details on Singapore Savings Bonds,
click here
Exploring other fixed deposit options? Discover some of the best deposit rates here.
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