In case you missed it – this month’s Singapore Savings Bonds are pretty attractive.
They yield 3.26% for the first 6 years.
Going up to 3.30% over 10 years.
Given that the best fixed deposit rates only yield 3.2% for 12 months.
Singapore Savings Bonds actually offer a better yield for any duration above 12 months, and can be redeemed any time with no capital loss.
Last month’s Singapore Savings Bonds only saw $24,000 allotment, so if you didn’t get enough allotment this is your chance.
Singapore Savings Bonds – Must buy this month? What is the expected allotment for each investor?
2 key questions I wanted to address in today’s article:
What is the projected interest rates on the August Singapore Savings Bonds – higher or lower? What is the expected allotment per investor on the July Singapore Savings Bonds?
In other words – should you buy this round of SSBs or wait.
And if you were to apply, realistically how much SSBs are you going to get?
This month’s Singapore Savings Bonds yields are only slightly lower than last month’s
Just for the record, this was the interest rates on last month’s Singapore Savings Bonds:
And this are the interest rates for this month.
You can see how:
Interest rates are exactly the same at 3.26% for the first 6 years Interest rates for 10 years is only slightly lower at 3.30% (vs 3.33%) What is the projected interest rates on the August Singapore Savings Bonds? Will they be higher or lower?
Singapore Savings Bonds track the average yield of the 10 year SGS for the previous month.
But it is smoothed out to ensure that the year 1 yield will never be
