Oct 2020 SSB 0.90% for 10 years and 0.26% 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.


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

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
June-20 0.57 0.57

0.6

0.78 0.93 1.07 1.27 1.46 1.64 1.78 1.05
July-20 0.3 0.3

0.41

0.56 0.71 0.84 1.01 1.17 1.33 1.47 0.8
Aug-20 0.27 0.35 0.49 0.64 0.81 0.99 1.19 1.39 1.58 1.76 0.93
Sep-20 0.24 0.24 0.43 0.74 0.93 1.00 1.12 1.25 1.39 1.56 0.88
Oct-20 0.26 0.26 0.42 0.70 0.89 0.99 1.16 1.32 1.48 1.66 0.90

Author: The Financial Guy

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