March 2019 SSB 2.18% for 10 year and 1.95% for 1 year

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.


March 2019 SSB give an average interest rate of 2.18% 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 “ SBMAR19 GX19030Z ” in your CDP statement or “GX19030Z” in your SRS statement and “ CDP-SBMAR19 ” in your bank statement.

The 1st interest payment will be made on 1 Sept 2019, and subsequently every six months on 1 Sept and 1 Mar every year.

If you invest $1000, you will receive $220 in interest if you hold the bond till maturity in 2029.

Yearly and average interst rate as below.

March SSB

2019 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-19
2.01
2.14
2.25
2.35
2.45
2.53
2.62
2.7
2.79
2.9
2.45
Feb-19
1.98
1.981.98
2.092.162.212.32.382.462.532.2
Mar-191.951.951.972.052.132.202.302.392.482.552.18

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Author: The Financial Guy

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