The SSB August 2024 issue of Singapore Savings Bonds by the Monetary Authority of Singapore experienced a small decline in its returns compared to the previous issue. This was exactly what was predicted, so this is yet another chance if you didn’t get the allocation that you wanted yet.
In this latest issue of SSB, we have the 7th highest returns ever.
First-year returns are 3.19%The 10-year average return is 3.22%
The bad news is that the issue has been downsized to $1 billion ($100 million less than last month), which means fewer SSBs for everyone interested, given that the previous issue was oversubscribed.
On my SSB historical interest rates page, you can view the full history of the Singapore Savings Bonds issues presented in table format and the number of SSBs for each issue that investors have already redeemed.
Singapore Savings Bonds returns reached the previous high in December 2023 (3.40%) as the momentum of the Fed rate hikes gathered pace.
Looking at the table above, I think it wouldn’t be long before people start redeeming their inferior issues. You probably should, as well.
My work is mostly done, and I am already holding all six issues of the highest-yielding SSBs in its entire history.
Short-term options such as the Fullerton Cash Fund and Mari Invest (see comparison) are currently good choices that I am using for returns on idle cash.
If you are interested in knowing more about Singapore Savings Bonds, check out my articles below.
Table of Contents1. SSB Aug 2024 – SBAUG24 GX24080W
Here are the details and yearly interest rates on the latest issue of the SSB August 2024.
Amount Offered – S$1 billionInterest Payment Months – August and FebruaryOpening Date – 01 July 2024 at 6:00 pm (First
