May 2019 SSB 2.16% for 10 year and 1.95% for 1 year

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No place to park your excess funds and want a flexible place to park while gaining a decent yield. SSB is the place for you to park your funds.


May 2019 SSB give an average interest rate of 2.16% over the next 10 years and can be applied thru DBS/POSB, OCBC and UOB ATMs and Internet Banking.
This bond will be reflected as “ SBMAY19 GX19050A ” in your CDP statement or “GX19050A” in your SRS statement and “ CDP-SBAPR19 ” in your bank statement.

The 1st interest payment will be made on 1 Nov 2019, and subsequently every six months on 1 Nov and 1 May every year.

If you invest $1000, you will receive $217 in interest if you hold the bond till maturity in 2029.

Yearly and average interst rate as below.

SSB May 19
SSB May 19

Past Month SSB Rates

Mth

Yr 1

Yr 2

Yr 3

Yr 4

Yr 5

Yr 6

Yr 7

Yr 8

Yr 9

Yr 10

Yearly Average

Jan-19
2.01
2.14
2.25
2.35
2.45
2.53
2.62
2.7
2.79
2.9
2.45
Feb-19
1.98
1.981.98
2.092.162.212.32.382.462.532.2
Mar-191.951.951.972.052.132.202.302.392.482.552.18
Apr-191.961.961.962.052.122.172.262.352.432.492.16
May-191.951.951.952.042.112.162.262.352.432.492.16
Jun-191.881.881.882.032.132.152.242.322.412.482.13
July-191.931.931.932.012.092.152.272.382.482.552.16
Aug-191.681.681.681.912.042.042.142.252.352.011.98
Sept-191.651.651.651.851.971.972.072.182.282.361.63
Oct-191.641.641.641.711.761.761.81.841.881.911.46
Nov-191.621.621.621.681.731.731.781.831.881.911.45
Dec-191.561.561.561.661.721.721.761.821.871.911.42

Author: The Financial Guy

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