71 per cent and a much lower minimum deposit amount, at $500, than the Fixed Deposit Account which has an interest rate of 1.33 per cent and a minimum deposit amount of $20,000.
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.
There are two simple ways to apply – either via Cash or via Supplementary Retirement Scheme by the internet banking portal of your SRS operator.You Will Need: a) A bank account with DBS/POSB, OCBC or UOB. b) An individual CDP Securities account with Direct Crediting Service activated. SSB Allotment Results a) MAS will allot the latest SSB to the applicants on the 3rd last business day of each month . You may check the application results on MAS’ website at 3pm on the Allotment Day. b) The SSB will then be issued on the 1st business day of the following month. c) CDP will notify you by mail, of the amount of SSB that has been allotted to you. You may also choose to check your allotment and holdings through the CDP internet service or by calling 6535-7511.
SSB Allotment Results a)MAS will allot the latest SSB to the applicants on the 3rd last business day of each month . You may check the application results on MAS’ website at 3pm on the Allotment Day. b) The SSB will then be issued on the 1st business day of the following month. c) Your SRS operator will notify you by mail, of the amount of SSB that has been allotted to you. You may also choose to check your allotment and holdings with your SRS operator.
1) If you have made a cash application for your SSB, simply log in to DBS/POSB, OCBC, or UOB internet banking or ATMs, or OCBC’s mobile banking application. 2) If you have made a SRS application, log in to the internet service provided by your SRS operator. 3) Submit the early redemption request by the closing date. You can redeem in multiples of S$500, up to the principal amount. You can redeem more than 1 bond every month.
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