Here’s a secure method to economize you don’t have any concept when you’ll need to make use of or your emergency fund. The ten-yr and 1-yr Singapore Financial savings Bonds charges because the first difficulty in Oct 2015 The November 2024 SSB bonds yield an rate of interest of 2.56%/yr for the subsequent ten years. You may apply via ATM or Web Banking through the three banks (UOB, OCBC, DBS) Nonetheless, for those who solely maintain the SSB bonds for one yr, with two semi-annual funds, your rate of interest is 2.25%/yr. The one-year SSB yield appears to be heading down, displaying a much less flat curve. $10,000 will develop to $12,577 in 10 years. The Singapore Authorities backs this bond, which you’ll spend money on in case you have a CDP or SRS account (this contains Singapore Everlasting Residents and Foreigners). A single individual can personal no more than SG$200,000 value of Singapore…
