. No capital loss will be incurred and you can always get your investment amounts back. The SSB is a long-term bond offering step-up interest, meaning that the longer one invests in it, the higher the interest income. It is also flexible, and one can exit the SSB at any time without any penalties.
Unlike fixed deposits where a penalty fee is usually charged for premature withdrawal, the SSB allows investors to extract their funds anytime, with a waiting period of 1 month. At the initial stage of investing, there is also no need for you to decide on the intended period and duration you wish to invest for. This gives you an opportunity to use the SSB investments as a sort of rainy-day fund, as the money invested can always be taken out anytime should unforeseen circumstances occur.
Additionally, coupled with its very minimal risk, the SSB’s rate of return could already be seen as rather ideal., which has the application closing date of 26 Oct 2023, an Issue Date of 01 Nov 2023 and a Maturity Date of 01 Nov 2033, will have an interest rate ofThis is some of the highest returns of the past few years, which signals to investors a healthy recovery of the Singaporean economy. It is also higher than last month’s issuance which had an average yearly return of 3.
1) SGS can be funded by Cash, Supplementary Retirement Scheme funds or CPF Investment Scheme funds, unlike the SSB which does not support funding by CPFIS funds. Any individual can apply for the SSB. However, you need to be 18 and above in order to have a Central Depository account, which is required for the application.
Source: Loan Digest (loandigest.net)
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