Long term. You can invest for up to 10 years, allowing you to save for the long term if that is what you prefer.

Flexible redemption. You can choose to get your money back in any given month, with no penalty! Hence, you do not have to decide how long to invest into the SSB from the start.

This is an important feature as there are not many investment products that are principal guaranteed! In other words, you will not incur any capital losses.

Principal guaranteed. You will get your investment amount back in full.

Some of the key features of the SSBs include: You can just apply for it through your internet banking app! It is also meant to be simple and low-cost. This was when the first SSBs were introduced to provide individual investors with a long-term savings option that offers safe returns. To understand the Singapore Savings Bonds (SSBs), we have to go way back to 2015. To find out the potential interest rate on the SSB in the next issuance, check out our SSB interest rate projection. The interest rates for the latest SSB will be announced on the first working day of the month. SSB interest rates are linked to the yield of Singapore Government Securities (SGS) like the 10-year Singapore government bond. What is the projected interest rate on the next SSB? The 10-year average interest rate of 2.81% offered by the latest SSB is also below the peak of 3.47% in the SSB issuance in December 2022. However, the 10-year average interest rate of 2.81% offered by the latest SSB is below the 10-year average interest rate of 3.07% in the previous issuance of the SSB. The 10-year average interest rate of 2.81% offered by the latest SSB is above the historical average. The interest rate received in each year of holding the SSB is shown below. Total amount of SSBs you can hold at any one time cannot exceed S$200,000 Minimum of S$500, and in multiples of S$500. Subsequent payments (until maturity): Every 6 months on 1 Feb and 1 Aug Interest payment will be reflected as CDP-SBFEB24 in your bank statement If you hold the SSB for 10 years, you will receive an average interest rate of 2.81% per annum. In the latest issuance of the SSB (SBFEB24 GX24020T), you will receive an interest rate of 2.72% for one-year. What is the interest rate on the latest SSB?

If you are looking to park your money for the short term, then T-bills and fixed deposit accounts might also be a good alternative.

SSB offer an attractive option to lock in long-term interest rates while offering flexibility of redeeming with no penalty.

Singapore Savings Bonds (SSB) provide you with a simple and low-cost way to generate safe returns.

Ocbc fixed deposit rate sep 2023