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.
Feb 2020 SSB gives an average interest rate of 1.46% over the next 10 years and can be applied thru DBS/POSB, OCBC
This bond will be reflected as “SBFEB20 GX20020V” in your CDP statement or “GX20020V” in your SRS statement and “ CDP-SBFEB20 ” in your bank statement.
The 1st interest payment will be made on 01 Aug 2020, and subsequently every six months on 01 Feb and 01 Aug every year.
If you invest $1000, you will receive $175 in interest if you hold the bond till maturity in Feb 2030.
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|