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.
This month issuance is the worst interest in 2019 at 1.65% while the previous month is at 1.68%
Sept 2019 SSB gives an average interest rate of 1.95% over the next 10 years and can be applied thru DBS/POSB, OCBC
This bond will be reflected as “SBSEP19 GX19090H” in your CDP statement or “GX19090H” in your SRS statement and “ CDP-SBSEP19 ” in your bank statement.
The 1st interest payment will be made on 01 Mar 2020, and subsequently every six months on 01 Sept and 01 Mar every year.
If you invest $1000, you will receive $196 in interest if you hold the bond till maturity in 2029.
Yearly and average interest rate as below.
Timeline for Application and Redemption
Past Month SSB Rates