One more week to apply for Singapore Saving Bond if you have not done it yet.
Doing this because I believe SSB is the best place to “park” your war chest – safe and sound 😊
Details of This month’s Offer
- Issue: SBJUN17 GX17060T
- Closes: 9.00pm, 26 Apr 2017
- Results: After 3.00pm, 26 Apr 2017
Yields for the next 10 years as follows:
|Year from issue date||Interest, %||Average return per year, %*|
Comparison with Historical 10th Year Yields
If you compare the average 10 year yield of the Jun 2017 issue to historical yields since Oct 2015, you find that it is providing decent yield for a risk free investment. However, this month is lower than earlier months. I wasn’t expecting it as it is moving in an opposite direction to where the US interest rate is heading. Anyway, I still buy my usual small sum.
All the best!