kobayashiGT Internal Moderator February 4, 2020 Share February 4, 2020 Earn up to 1.71% p.a. with a minimum $500 in Feb 2020‘s Singapore Savings Bond Investment amount Minimum per bond: $500 Maximum per bond: NONE Maximum individual holding: $200,000 A safe and flexible way to save for the long term. Savings Bonds are a special type of Singapore Government Securities that is suitable for individuals. Your principal investment and interest payments are backed by the full faith and credit of the Singapore Government. You will always get your principal back when investing in Savings Bonds. Once a Savings Bond is issued, interest rate changes will have no effect on the bond’s value. They complement other savings and investments as a safe way to save for the long term. Safe – Savings Bonds are fully backed by the Singapore Government. In addition, you can always get your investment amount back in full with no capital losses. Long-term – Invest for up to ten years, with interest that increases over time. The longer you save, the higher your return. Flexible – Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start Interest Rates *At the end of each year, on a compounded basis. Quote Does anyone have invested in SSB and what is your sentiments to this type of investment? Expand ↡ Advertisement 1 1 Link to post Share on other sites More sharing options...
Albeniz Turbocharged February 4, 2020 Share February 4, 2020 Is it better to save in SSB or CIMB fixed deposit? 1 Link to post Share on other sites More sharing options...
Hamburger Hypersonic February 4, 2020 Share February 4, 2020 i thought its a thread on Hong Heng society branch....😵 1 Link to post Share on other sites More sharing options...
Freeder Hypersonic February 4, 2020 Share February 4, 2020 On 2/4/2020 at 1:17 AM, kobayashiGT said: Earn up to 1.71% p.a. with a minimum $500 in Feb 2020‘s Singapore Savings Bond Investment amount Minimum per bond: $500 Maximum per bond: NONE Maximum individual holding: $200,000 A safe and flexible way to save for the long term. Savings Bonds are a special type of Singapore Government Securities that is suitable for individuals. Your principal investment and interest payments are backed by the full faith and credit of the Singapore Government. You will always get your principal back when investing in Savings Bonds. Once a Savings Bond is issued, interest rate changes will have no effect on the bond’s value. They complement other savings and investments as a safe way to save for the long term. Safe – Savings Bonds are fully backed by the Singapore Government. In addition, you can always get your investment amount back in full with no capital losses. Long-term – Invest for up to ten years, with interest that increases over time. The longer you save, the higher your return. Flexible – Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start Interest Rates *At the end of each year, on a compounded basis. Expand If PAP no more how? PSP will gostan balik or not? 3 3 Link to post Share on other sites More sharing options...
BanCoe Hypersonic February 4, 2020 Share February 4, 2020 ahhhh....... this topic @Angcheek is the residential eggspert in monies 3 3 Link to post Share on other sites More sharing options...
Albeniz Turbocharged February 4, 2020 Share February 4, 2020 On 2/4/2020 at 2:40 AM, Freeder said: If PAP no more how? PSP will gostan balik or not? Expand PAP won't disappear suddenly. It is more likely we see them losing GRC seats, but in a gradual manner. If we start to see that happening, then quickly pull out the money. Should have more than enough time to react 1 1 Link to post Share on other sites More sharing options...
Freeder Hypersonic February 4, 2020 Share February 4, 2020 On 2/4/2020 at 2:52 AM, Albeniz said: PAP won't disappear suddenly. It is more likely we see them losing GRC seats, but in a gradual manner. If we start to see that happening, then quickly pull out the money. Should have more than enough time to react Expand Let’s hope so... AMTF🙏🏻🙇♀️ 4 2 Link to post Share on other sites More sharing options...
Kurty Supercharged February 4, 2020 Share February 4, 2020 the holding period is far too long.. 10 years.. prefer something more liquid interest is unattractive.. in fact, if you follow some banks, some are offering similar interest rate. formally, the best is Maxigain but since they had revised the interest rate, many like myself, had cash out. the current popular ones are maybank, while myself, prefer standard chartered. 4 Link to post Share on other sites More sharing options...
BanCoe Hypersonic February 4, 2020 Share February 4, 2020 (edited) reckon this SSB is a good way out for SRS 'cos the big 4 banks whom are participating in the SRS accounts scheme give pathetic FD rates and one cannot place with say for example CIMB or Maybank or BOC which are giving near or even higher than SSB; ANyways for SRS monies cannot be realised until like age 62 currently; so long term its fine, i reckon for SRS people to move to SSB ; of course one can punt on SGX counters too for much higher returns , or ........losses too if you don't know the market well Edited February 4, 2020 by BanCoe 6 1 Link to post Share on other sites More sharing options...
Kranjipioneer 3rd Gear February 4, 2020 Share February 4, 2020 On 2/4/2020 at 4:00 AM, BanCoe said: reckon this SSB is a good way out for SRS 'cos the big 4 banks whom are participating in the SRS accounts scheme give pathetic FD rates and one cannot place with say for example CIMB or Maybank or BOC which are giving near or even higher than SSB; ANyways for SRS monies cannot be realised until like age 62 currently; so long term its fine, i reckon for SRS people to move to SSB ; of course one can punt on SGX counters too for much higher returns , or ........losses too if you don't know the market well Expand Assisted my dad to put his retirement savings in SSB as he is risk averse. The SSB rates then (2018) weren't fantastic but look attractive in the present day. He is happily collecting dividends in April and Oct annually. To each his own. 4 Link to post Share on other sites More sharing options...
Voodooman Supersonic February 4, 2020 Share February 4, 2020 On 2/4/2020 at 3:52 AM, Kurty said: the holding period is far too long.. 10 years.. prefer something more liquid interest is unattractive.. in fact, if you follow some banks, some are offering similar interest rate. formally, the best is Maxigain but since they had revised the interest rate, many like myself, had cash out. the current popular ones are maybank, while myself, prefer standard chartered. Expand It is liquid. 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 4, 2020 Share February 4, 2020 On 2/4/2020 at 2:49 AM, BanCoe said: ahhhh....... this topic @Angcheek is the residential eggspert in monies Expand 1.7% ... and stuck for 10yrs ???? They think we still live in the 60s ?😁 3 6 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator February 4, 2020 Author Share February 4, 2020 On 2/4/2020 at 8:56 AM, Angcheek said: 1.7% ... and stuck for 10yrs ???? They think we still live in the 60s ?😁 Expand Hahah. I start of the 30s only. This plan for me one lah. hahahha. 1 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 4, 2020 Share February 4, 2020 On 2/4/2020 at 9:04 AM, kobayashiGT said: Hahah. I start of the 30s only. This plan for me one lah. hahahha. Expand THis plan really waste time ....... please use your money in Massage parlours or go Genting better 😁 3 3 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator February 4, 2020 Author Share February 4, 2020 On 2/4/2020 at 9:08 AM, Angcheek said: THis plan really waste time ....... please use your money in Massage parlours or go Genting better 😁 Expand Haha. Yes sir! right away! I buy N95 and sell also! 1 1 Link to post Share on other sites More sharing options...
BanCoe Hypersonic February 4, 2020 Share February 4, 2020 (edited) On 2/4/2020 at 8:56 AM, Angcheek said: 1.7% ... and stuck for 10yrs ???? They think we still live in the 60s ?😁 Expand Unker .... 10 years belly fast lah, like COE lah! Buy SSB akin to COE (changing to new car) .... but I know some people change car once its time to change the tyres 😅🤣 Edited February 4, 2020 by BanCoe 2 4 Link to post Share on other sites More sharing options...
Fitvip Supersonic February 4, 2020 Share February 4, 2020 Previously, the rate was 2.++% Now it is so miserable @1.7%. One thing good is that interest is credited into your account regularly. Now I would rather go for TD at one of the banks. 1 Link to post Share on other sites More sharing options...
Apple-Tree 6th Gear February 4, 2020 Share February 4, 2020 On 2/4/2020 at 1:17 AM, kobayashiGT said: Earn up to 1.71% p.a. with a minimum $500 in Feb 2020‘s Singapore Savings Bond Investment amount Minimum per bond: $500 Maximum per bond: NONE Maximum individual holding: $200,000 A safe and flexible way to save for the long term. Savings Bonds are a special type of Singapore Government Securities that is suitable for individuals. Your principal investment and interest payments are backed by the full faith and credit of the Singapore Government. You will always get your principal back when investing in Savings Bonds. Once a Savings Bond is issued, interest rate changes will have no effect on the bond’s value. They complement other savings and investments as a safe way to save for the long term. Safe – Savings Bonds are fully backed by the Singapore Government. In addition, you can always get your investment amount back in full with no capital losses. Long-term – Invest for up to ten years, with interest that increases over time. The longer you save, the higher your return. Flexible – Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start Interest Rates *At the end of each year, on a compounded basis. Expand Now, not very attractive lor, I last bought in 2018, ave about 2.63% lor. And now, these days, the first 5 years is flat interest rate. At this rate, might as well put FD with DBS at 1.4%. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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