Singapore Savings Bonds rate is higher for October.
The rate for Singapore Savings Bonds (SSB) jumped to 3.32%, higher than the
3.16% for the last month. This is an all-time high for 2023.
The Singapore Savings Bond Oct 2023 rates are as follows.
With Fixed Deposits still remaining as low as 2.7%, Singapore Savings Bonds
will provide a more consistent yield. The offer amount for this month’s
Savings Bonds has also increased from 800 million to 1 billion this month.
This closing date for application is on 27 September 2023. For last month it
was almost a 100% allocation.
Since Singapore Savings Bonds allow you to withdraw at any time with accrued
interest and no penalty, it is a viable option, especially for retirement
Safe and Flexible bonds for individual investors by Singapore
- Open to individuals aged 18 and above.
Required bank account with one of the three local banks and an individual
- Minimum amount at $500. Maximum cap at $200,000
- Use cash or SRS to invest