Feb 2020 SSB 1.75% for 10 years and 1.54% 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. However, do take note that SSB Bond Ladder will be nerfed on 1st Feb 2020.


Feb 2020 SSB gives an average interest rate of 1.46% 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 “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.

SSB Feb 2020

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
Feb-20 1.54 1.54 1.54 1.67 1.75 1.76 1.84 1.91 1.98 2.04 1.45

Author: The Financial Guy

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