May 2020 SSB 1.39% for 10 years and 0.96% for 1 year

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No place to park your excess funds and want a flexible place to park while gaining a not so 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

Starting from 1st May, DBS Multiplier will reduce the interest.


May 2020 SSB gives an average interest rate of 1.17% 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 “SBMAY20 GX20050A” in your CDP statement or “GX20050A” in your SRS statement and “ CDP-SBMAY20 ” in your bank statement.

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

If you invest $1000, you will receive $140 in interest if you hold the bond till maturity in Apr 2030.

Yearly and average interest rate as below.

Timeline for Application and Redemption

Yield Chart

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
Mar-20 1.43 1.43 1.43 1.58 1.69 1.72 1.83 1.94 2.04 2.12 1.43
Apr-20 1.46 1.46 1.46 1.51 1.57 1.62 1.7 1.79 1.86 1.91 1.36
May-20 0.96 0.96 1.01 1.28 1.43 1.46 1.57 1.68 1.79 1.91 1.17

Author: The Financial Guy

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