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.
Oct 2020 SSB gives an average interest rate of 0.90% 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 “SBOCT20 GX20100N” in your CDP statement or “GX20100N” in your SRS statement and “ CDP-SBOCT20 ” in your bank statement.
The 1st interest payment will be made on 01 Apr 2021, and subsequently every six months on 01 Oct and 01 Apr every year.
If you invest $1000, you will receive $91 in interest if you hold the bond till maturity in Oct 2030.
Yearly and average interest rates as below.
Timeline for Application and Redemption
Past Month SSB Rates
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