Personal Finance Blog
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Sep 2020 Singapore Savings Bond and Weekly Updates
Average Interest Per Year (over 10 years): 0.88% Interest for First Year: 0.24% Application Closes: 9.00pm, 26 Aug 2020 Details on this month SSB can be found on SGS website
Singapore Savings Bonds remain unattractive at the moment due to the low interest rate environment. The 1-year interest rate for …
July 2020 Singapore Savings Bond and Weekly Updates
Average Interest Per Year (over 10 years): 0.80% Interest for First Year: 0.30% Application Closes: 9.00pm, 25 June 2020 Details on this month SSB can be found on SGS website
Interest rates continue to fall to an all time low for SSBs. With the interest rates so low, investors are all flocking into the…
June 2020 Singapore Savings Bond and Weekly Updates
Average Interest Per Year (over 10 years): 1.05%
Interest for First Year: 0.57%
Application Closes: 9.00pm, 26 May 2020 Details on this month SSB can be found on SGS website
Both the short (1-year) and long (10-years) term interest rates for next month has fallen off the cliff to the lowest since t…
May 2020 Singapore Savings Bond and Weekly Updates
Average Interest Per Year (over 10 years): 1.39%
Application Closes: 9.00pm, 27 April 2020 Details on this month SSB can be found on SGS website
As the Fed reduces the interest rate to close to zero, the SSB interest rate also collapsed to a new low of 1.39% if you held the bond for 10 years. The 1…
April 2020 Singapore Savings Bond and Weekly Updates
Average Interest Per Year (over 10 years): 1.63%
Application Closes: 9.00pm, 26 Mar 2020 Details on this month SSB can be found on SGS website
The Fed has cut interest rates to near zero and it will be interesting to see how low the Singapore Savings Bond can go next month. I subscribed to last mon…
March 2020 Singapore Savings Bond
Average Interest Per Year (over 10 years): 1.71%
Application Closes: 9.00pm, 25 Feb 2020 Details on this month SSB can be found on SGS website
The 10-years interest rate is still at an unattractive all-time low of 1.71%. Despite the outbreak of COVID-2019, my portfolio is still doing well the last …
February 2020 Singapore Savings Bond
Average Interest Per Year (over 10 years): 1.75%
Application Closes: 9.00pm, 28 Jan 2020
Details on this month SSB can be found on SGS website.
Weekly Updates
Before we can take a breather from all the negative news from US, we were hit by the news of the Wuhan virus. It felt like SARS is back but it…
January 2020 Singapore Savings Bond
Application Closes: 9.00pm, 26 Dec 2019
Details on this month SSB can be found on SGS website.
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December 2019 Singapore Savings Bond
Application Closes: 9.00pm, 26 Nov 2019
Details on this month SSB can be found on SGS website.
Without any surprises, the rates for SSBs continued to slide. The 10-year interest rate has dropped to the lowest since inception which is at 1.71%. Does the economy really looks so bleak in the future? Th…
November 2019 Singapore Savings Bond
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-y…
October 2019 Singapore Savings Bond
Application Closes: 9.00pm, 25 Sep 2019
Details on this month SSB can be found on SGS website.
The interest rates continue to slide and the 10-year interest has fallen to a low of 1.75%. This is one of the lowest rate since the introduction of Singapore Saving Bonds. The interest rate is at the sam…
September 2019 Singapore Savings Bond
Application Closes: 9.00pm, 27 Aug 2019
Details on this month SSB can be found on SGS website.
The interest rates for SSBs continue to fall in August after the Fed cuts the interest rate by 25 basis points end-July. The cut would help to stimulate the slowing economy. It is still unclear whether th…
August 2019 Singapore Savings Bond
The interest rates for the month of August fell off the cliff as the 1-Year interest fell to 1.68% and 10-Year interest to 2.01%. This is the lowest 10-Year interest rate we have since December 2016. It seems like the long term outlook of the global economy is really not so optimistic. Note that t…
Jun 2019 Singapore Savings Bond
Both the 1-Year and 10-Year interest rates are on the downtrend since the start of the year. The global economy growth is expected to slow down due to the ongoing trade war between US and China resulting in the long term interest rate to fall. The market could be volatile in the near term and the …
My Singapore Savings Bond Portal Review
MAS has recently launched a My Singapore Savings Bond portal where you can check your holdings for SSBs, keep track of your incoming interest and compare interest rates. This is a quick review of the portal. SingPass is required to access to the portal.
Once you login, you will see 3 main sections…
May 2019 Singapore Savings Bond
For the past few months, interest rates have remain relatively flat as the Fed mentioned that there would not be any rate hikes for the year. As mentioned previously, it is better to put as much money as possible earlier into SSBs if there is no use for them. Do not hesitate or wait for the intere…
Apr 2019 Singapore Savings Bond and SIA Bond
Although the March issue's interest rates were not as attractive as the month for Feb, it was still oversubscribed and only those who applied below $38,500 were fully allocated. The increase in demand was probably due to the increase in Individual Limit and the permit to use SRS funds to purch…