Starts | 2 Dec 2024 (Mon) | Ends | 26 Dec 2024 (Thu) |
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Location | Not Specified |
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Get an annual return of up to 2.86%
The Singapore Savings Bonds (SSB) have unveiled their latest issue, promising an enticing annual return of up to 2.86%.
Compared to the previous round, the 10-year average rate has increased by 0.05%.
Investors have until 26 Dec 2024 to apply for these bonds, which are part of a secure, government-backed scheme. With a minimal investment threshold of just $500, this opportunity is designed to be accessible for a broad spectrum 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 option, Singapore Savings Bonds are fully backed by the Singapore Government. This backing ensures that both the principal and interest payments are secure, offering protection against interest rate fluctuations post-purchase.
Savings Bonds are an excellent choice for those looking to diversify their savings and investment portfolios. They provide a reliable avenue for achieving long-term financial goals, thanks to their security and predictable returns.
- Guaranteed Security: The principal and interest payments are guaranteed by the Singapore Government, making this a risk-free investment.
- Long-term Growth: The bonds come with a ten-year maturity period and feature progressively increasing interest rates, rewarding long-term investors.
- Flexibility: Investors can withdraw their funds at any time without facing penalties, providing exceptional liquidity.
It is worth noting that the interest rates for this current issue are lower compared to the last round.
Interest Rates
The following table outlines the interest rates for the SBJAN25 GX25010E issue over a ten-year period:
Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Interest percent | 2.73 | 2.82 | 2.82 | 2.82 | 2.82 | 2.85 | 2.90 | 2.95 | 2.99 | 3.01 |
Average return per year % | 2.73 | 2.77 | 2.79 | 2.80 | 2.80 | 2.81 | 2.82 | 2.84 | 2.85 | 2.86 |
* At the end of each year, on a compounded basis.
- For guidance on investing in Singapore Savings Bonds, click here.
- Current bondholders looking to redeem their investments can find instructions here.
- To review 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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