The SSB June 2024 issue of Singapore Savings Bonds by the Monetary Authority of Singapore maintained its returns compared to the previous issue.
In this latest issue of SSB, the 1-year returns come in at 3.26% whereas the 10-year average return is now 3.33%.
Good news is that the issue is upsized to $1 billion so that means more SSBs for everyone interested.
On my SSB historical interest rates page, you can see the full history of the Singapore Savings Bonds issues presented in a table format and view the amount 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 the inferior Feb 2024 and Mar 2024 issues.
You probably should.
Meanwhile, I have diverted most of my idle funds into SSBs in previous months to pre-emptively lock in a yield of more than 3% for a ten-year duration.
Even I am interested in recycling some funds into this issue.
Short-term options such as the Fullerton Cash Fund and Mari Invest (see comparison) are good choices that I am using for returns on cash.
If you are interested in knowing more about Singapore Savings Bonds, check out my articles below.
Table of Contents1. SSB June 2024 – SBJUN24 GX24060A
Here are the details and yearly interest rates on the latest issue of the SSB June 2024.
Amount Offered – S$1 billionInterest Payment Months – June and DecemberOpening Date – 02 May 2024 at 6:00 pm (First business day)Closing Date – 28 May 2024 at 9:00 pm (Fourth last business day)Allotment Date – 29 May 2024 after 3:00
