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.
July 2019 SSB gives an average interest rate of 2.16% over the next 10 years and can be applied thru DBS/POSB, OCBC
This bond will be reflected as “ SBJUL19 GX19070W ” in your CDP statement or “GX19070W” in your SRS statement and “ CDP-SBJUL19 ” in your bank statement.
The 1st interest payment will be made on 1 Jan 2020, and subsequently every six months on 1 Jan and 1 July 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.
Past Month SSB Rates