Singapore Savings Bonds November : 3.4%

  

 Singapore Savings Bonds' rate edged higher for November.

The rate for Singapore Savings Bonds (SSB) inches to 3.4%, higher than the 3.34% for the last month. This is an all-time high for 2023.

The Singapore Savings Bond Nov 2023 rates are as follows.

With Fixed Deposits remaining as low, Singapore Savings Bonds can provide a more consistent yield. . The closing date for application is on 27 Nov 2023. A total of 1 Billion dollars will be on offer.

The year 1 rate of 3.3% is higher than some Fixed Deposit rates offered by various banks.

Since Singapore Savings Bonds allow you to withdraw at any time with accrued interest and no penalty, it is a viable option, especially for retirement planning.

What are Singapore Savings Bonds?

• Safe and Flexible bonds for individual investors by Singapore Govt. 
• Open to individuals aged 18 and above.
• Required bank account with one of the three local banks and an individual CDP account. 
• Minimum amount at $500. Maximum cap at $200,000
• Use cash or SRS to invest

For more information on Singapore Savings Bonds, please visit here.

Disclaimer
This is not intended as investment advice but as information on what is available.. Each individual has their own risk appetite. For financial planning, it is best to consult your financial planner for advice.