Here’s a protected manner to economize that you haven’t any thought when you will want to make use of or your emergency fund. The ten-yr and 1-yr Singapore Financial savings Bonds charges because the first subject in Oct 2015 The August 2024’s SSB bonds yield an rate of interest of 3.22%/yr for the subsequent ten years. You may apply via ATM or Web Banking through the three banks (UOB, OCBC, DBS) Nonetheless, should you solely maintain the SSB bonds for one yr, with two semi-annual funds, your rate of interest is 3.19%/yr. The one-year SSB yield appears to be heading down, displaying a much less flat curve. $10,000 will develop to $13,224 in 10 years. The Singapore Authorities backs this bond, and it’s obtainable so that you can make investments if in case you have a CDP or SRS account (this contains Singapore Everlasting Residents and Foreigners). A single particular person can personal no more than SG$200,000…
