November 2019 Singapore Savings Bond

Average interest per annual for 1-year and 10-year period

Other Issues of SSBs Compared to Nov 2019  Issue

Nov 2019 Issue

Application Closes: 9.00pm, 25 Oct 2019
Details on this month SSB can be found on SGS website.

The interest rates continue to drop as expected, and the long term average interest rate is now at the lowest point since the inception of SSBs. The average 1-year interest is at 1.62% and the average 10-year interest is at 1.74%, which is the lowest by far. 

The reward for holding SSBs over long term is almost insignificant. Therefore, SSBs currently should only be considered for short term holding, probably less than year. If you are looking at anything for more than a year, fix deposit should provide better returns. The reason I think SSBs is still useful for short term holding, probably a few months, is because SSBs give accrued interest without any penalty for early withdrawal. So it really depends on how you can utilize SSBs to your own benefits.

InvestingNote Profile: @SingularityTruth

Facebook Page: @SingularityTruth