With the increased attention towards personal assets, people are looking to strengthen their portfolios by investing in low-risk bonds. Learn more about Singapore Savings Bond (SSB), a bond with a steady rise in interest rates with no capital loss! The Singapore Savings Bond (SSB) is a bond fully backed by the Singapore Government.
With the increased attention towards personal assets, people are looking to strengthen their portfolios by investing in low-risk bonds. Learn more about Singapore Savings Bond , a bond with a steady rise in interest rates with no capital loss!The Singapore Savings Bond is a bond fully backed by the Singapore Government. No capital loss will be incurred and you can always get your investment amounts back.
Any individual above the age of 18 is eligible to apply for the SSB. All you need is a local bank account and a CDP account that is linked to the local bank account. Investors can also invest in the SSB via either cash or SRS.The investment amounts for SSB range from a minimum of S$500 to S$200,000, and the investment sum should be in multiples of S$500.
The below table illustrates the interest per cent for investors who are invested in the SSB for the specified number of years. SGS, similar to SSB, is also a type of government-issued bond issued by the Singapore Government. There are various categories of the SGS, each with different tenures, interest rates and coupon rates. Some key differences between SGS and SSB are as follows:
A new SSB is issued on the 1st business day of each month. The minimum amount to invest is S$500 and the maximum is S$200,000. Take note that application requests cannot be amended and cancelled. SSB also cannot be applied for at the bank counters.a) MAS will allot the latest SSB to the applicants on the 3rd last business day of each month . You may check the application results on MAS' website at 3pm on the Allotment Day.c) Your SRS operator will notify you by mail, of the amount of SSB that has been allotted to you. You may also choose to check your allotment and holdings with your SRS operator.
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