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.
Jan 2019 SSB gives an average interest rate of 1.47% over the next 10 years and can be applied thru DBS/POSB, OCBC
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.
Timeline for Application and Redemption
Past Month SSB Rates
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