Oct 2019 SSB 1.75% for 10 years and 1.64% 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.

Learn how to make use of SSB bond ladder to gain additional interest with DBS Multiplier.

This month issuance is the worst interest in 2019 at 1.64% while the previous month is at 1.65%


Oct 2019 SSB gives an average interest rate of 1.75% 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 “SBOCT19 GX19100N” in your CDP statement or “GX19100N” in your SRS statement and “ CDP-SBOCT19 ” in your bank statement.

The 1st interest payment will be made on 01 Apr 2020, and subsequently every six months on 01 Oct and 01 Apr every year.

If you invest $1000, you will receive $175 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

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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