|Starts||1 Jul 2019 (Mon)||Ends||26 Jul 2019 (Fri)|
|SINGPromos is now on Telegram. Click here to follow us now|
Earn up to 2.01% p.a. with a minimum $500 in July 2019’s Singapore Savings Bond
- Minimum per bond: $500
- Maximum per bond: NONE
- Maximum individual holding: $200,000
A safe and flexible way to save for the long term. Savings Bonds are a special type of Singapore Government Securities that is suitable for individuals. Your principal investment and interest payments are backed by the full faith and credit of the Singapore Government.
You will always get your principal back when investing in Savings Bonds. Once a Savings Bond is issued, interest rate changes will have no effect on the bond’s value.
They complement other savings and investments as a safe way to save for the long term.
- Safe – Savings Bonds are fully backed by the Singapore Government. In addition, you can always get your investment amount back in full with no capital losses.
- Long-term – Invest for up to ten years, with interest that increases over time. The longer you save, the higher your return.
- Flexible – Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start.
|Amount available||$350 million|
|Issue date||1 Aug 2019|
|Maturity date(1)||1 Aug 2029|
|Interest payment dates(1)||The 1st interest payment will be made on 1 Feb 2020, and subsequently every six months on 1 Feb and 1 Aug every year.|
|Investment amounts||You can invest a minimum of $500, and in multiples of $500. The total amount of Savings Bonds held across all issues cannot be more than $200,000.|
|Application period||Opens: 6.00pm, 1 Jul 2019|
Closes: 9.00pm, 26 Jul 2019
Results: After 3.00pm, 29 Jul 2019
Keep track of the important dates with the SSB calendar.
|Apply through||Cash applications: via DBS/POSB, OCBC and UOB ATMs and internet banking portals, OCBC Mobile Application.|
SRS applications: via internet banking of your SRS operator (DBS/POSB, OCBC and UOB).
Apply from 7.00am – 9.00pm, Mon – Sat, excluding Public Holidays. On 1 Jul 2019, these channels will be open from 6.00pm to 9.00pm. CPF funds are not eligible.
This bond will be reflected as “SBAUG19 GX19080E” in your CDP statement or “GX19080E” in your SRS statement. Interest and principal payments will be paid to the bank account linked to CDP (and reflected as “CDP-SBAUG19” in your bank statement for cash investments) or SRS account (for SRS investments)
|Year from issue date||1||2||3||4||5||6||7||8||9||10|
|Average return per year, %*||1.68||1.68||1.68||1.74||1.79||1.83||1.87||1.92||1.96||2.01|
* At the end of each year, on a compounded basis
Calculate the interest you will earn based on your desired investment amount using the Interest Calculator.
For all Savings Bonds interest rates, please click here.
(1)If this day is not a business day, payment will be made on the next business day.
For more info, click here