Jan 2020 SSB 1.76% for 10 years and 1.52% for 1 year

ssb photo

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.

Jan 2019 SSB gives an average interest rate of 1.47% 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 “SBJAN20 GX20010T” in your CDP statement or “GX20010T” in your SRS statement and “ CDP-SBJAN20 ” in your bank statement.

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

If you invest $1000, you will receive $177 in interest if you hold the bond till maturity in Jan 2030.

Yearly and average interest rate as below.

SSB Jan 20
SSB Interest Jan 2020

Timeline for Application and Redemption

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-20 1.52 1.52 1.52 1.73 1.82 1.82 1.86 1.92 1.98 2.04 1.47

Author: The Financial Guy

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