No place to park your excess funds and want a flexiable place to park while gain a decent yield. SSB is the place for you to park your funds.
February 2019 SSB give an average interest rate of 2.2% over the next 10 years and can be applied thru DBS/POSB, OCBC
This bond will be reflected as “SBFEB19 GX19020V” in your CDP statement and “CDP-SBFEB19” in your bank statement.
The 1st interest payment will be made on 1 Aug 2019, and subsequently every six months on 1 Aug and 1 Feb every year.
This month SSB is still limit at $100,000 per CDP account and is not available for CPF and SRS account.
Yearly and average interst rate as below
2019 SSB Rates