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.
Mar 2020 SSB gives an average interest rate of 1.43% 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 “SBMAR20 GX20030Z” in your CDP statement or “GX20030Z” in your SRS statement and “ CDP-SBMAR20 ” in your bank statement.
The 1st interest payment will be made on 01 Sept 2020, and subsequently every six months on 01 Mar and 01 Sept every year.
If you invest $1000, you will receive $172 in interest if you hold the bond till maturity in Mar 2030.
Yearly and average interest rate as below.
Timeline for Application and Redemption
Past Month SSB Rates
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