With the increased attention towards personal assets, people are looking to strengthen their portfolios by investing in low-risk bonds. Learn more about Singapore Savings Bond , a bond with a steady rise in interest rates with no capital loss!The Singapore Savings Bond is a bond fully backed by the Singapore Government. No capital loss will be incurred and you can always get your investment amounts back.
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. Only in certain situations, such as the death of the bondholder, can the SSB be transferred to the rightful beneficiaries under the bondholder’s will or under the intestacy law.At an average yearly return of 3.26 per cent for a tenure of 10 years, the SSB may not have the highest interest rates and returns for an investor looking for high capital gains. However, the return rates have been steadily increasing over the past few years as the economy is bouncing back. An average yearly return of 3.
Source: Loan Digest (loandigest.net)
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