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. No capital loss will be incurred and...
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.
With near-zero risks of losing your money, the SSB can be a good way for Singaporean investors to diversify their investment portfolios to manage overall risk. It is also a good investment to hold for more conservative investors with its provision of relatively good returns considering its low risk.Investors may wonder what the difference between SSB and fixed deposits are, since both are low in risks.
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.
Additionally, coupled with its very minimal risk, the SSB's rate of return could already be seen as rather ideal.This month's bond, SBJUL23 GX23070H, which has the application closing date of June 26, 2023, an Issue Date of July 3, 2023 and a Maturity Date of July 1, 2033, will have an interest rate of 2.76 per cent to 3.02 per cent per annum, and an average yearly return of 2.82 per cent if an investor holds the bond for 10 years.
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