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| Starts | 1 Jul 2024 (Mon) | Ends | 26 Jul 2024 (Fri) |
|---|---|---|---|
| Location | Not Specified |
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Get an annual return of up to 3.22%
UPDATE 1 Aug: Singapore Savings Bonds Offers Up to 3.1% p.a. in Latest Issue, Apply by 27 Aug 2024
The latest issue of Singapore Savings Bonds (SSB) promises an attractive annual return of up to 3.22%, with applications open until 26 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 principal and interest are fully guaranteed by the Singapore Government, providing a risk-free investment. - Long-term Growth
Investors can benefit from a ten-year maturity period with progressively increasing interest, rewarding long-term commitment. - Flexibility
Investors have the option 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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