MAS increase SSB limit and allow SRS to purchase

Monetary Authority of Singapore (MAS) had announced the limit of Singapore Savings Bonds (SSB) to increase from $100,000 to $200,000 a 100% increase from current policy. Another announcement is you are able to buy SSB with Supplementary Retirement Scheme (SRS) too. Both changes will take effect from Feb 1, 2019.

A new portal “My Savings Bonds” will be launch in March for investors to view their consolidated SSB holdings via the SSB website.

Every month the Government will issue $300 million which mean there should be a slice of cake for everyone. Personally, I had applied for Jan 2019 allocation. The rates can be view over here.

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Author: The Financial Guy

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