Interest Rates and Returns for Singapore Savings Bonds (SSB) in September 2023

From the above, we can see that the SSB offers a lower interest rate at 3.16% but at a much lower minimum deposit amount, at S$500, than the Fixed Deposit Account which has an interest rate of 3.45% and a minimum deposit amount of S$10,000. However, the tenure for the SSB is also much longer, at 10 years, as compared to the tenure for the Fixed Deposit Account which is just 6 months., similar to SSB, is also a type of government-issued bond issued by the Singapore Government.

2) SGS is transferable and can be traded on the secondary market – at DBS, OCBC, or UOB branches; or on SGX through securities brokers.The fixed income investment vehicles as above are all viable options for any investor. Depending on your risk appetite, desired tenure and preference for liquidity, any of the alternatives could be a good addition to your investment portfolio.

A new SSB is issued on the 1st business day of each month. The minimum amount to invest is S$500 and the maximum is S$200,000.by the internet banking portal of your SRS operator.b) An individual CDP Securities account with Direct Crediting Service activated.a) Log in to your bank’s internet banking, ATM, or OCBC’s mobile banking app. Be sure to have your CDP account number with you.

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