Singapore Savings Bond SSB Apr 2019 at a Glance
- Bond ID: GX19040X
- Interest Rates: 1.96% to 2.49%pa
- Interest payment dates: 1 Oct, 1 Apr every year
- Tenure: 10 years (Issue date: 1 Apr 2019, Maturity date: 1 Apr 2029)
- Tranche size: S$300 million
- Issuer: Government of Singapore
SSB Apr 2019 Interest Rate
Singapore Savings Bond SSB Apr 2019 offers 1.96% to 2.49% interest over 10 years. This means that you will get S$1087.50 interest over 10 years by investing S$5,000, or S$10875.00 with S$50,000.
|Tenure||Interest Rate (%)||S$5,000 Investment||S$10,000 Investment||S$50,000 Investment|
Singapore Savings Bond SSB Apr 2019 offers similar interest rates as SSB Mar 2019. The slight difference is in the long term interest rates which are slightly lower. You will also notice that the interest rates are very different from a year ago (SSB Apr 2019 vs SSB Apr 2018). Over 1 year, short term rates have improved while long term rates have deteriorated.
Singapore Savings Bond Interest Rate Trend
Moving on to interest rate trend, you will definitely find the 2 charts below useful. The first plot (blue bars) shows the variation of Year 1 interest rate in the last 2 years. The second plot (pink bars) presents the variation of Year 10 interest rate in the same 2 year period. Likewise, you will see that short term rates have improved whereas long term rates have stayed around 2.3% over the last 1 year.
For more historical interest rates of Singapore Savings Bond, you should check out the Singapore Bonds Interest Rates page.
Timeline You Must Know
You can start applying for this bond through POSB/DBS, OCBC, UOB ATMs, internet and mobile banking platforms from 1 Mar 2019. Singaporeans, PRs and foreigners can apply for the Singapore Savings Bond. All you need is to be above 18 years old and possess a Central Depository (CDP) Account.
- Deadline for application: 26 Mar 9pm (do not miss this deadline!)
- Allotment results: 27 Mar after 3pm
How Does Singapore Savings Bond SSB Apr 2019 Compare with Other Fixed Income Products
As an investor, you must be evaluating other low-risk investment options and want to know how they compare with Singapore Savings Bond SSB. In the following paragraphs, you will see how Singapore Savings Bond SSB compares with Singapore Government Securities SGS Bonds, bank fixed deposits and Singapore Retail Bonds. Let’s go.
Singapore Savings Bond SSB vs SGS Bonds
For this month, Singapore Savings Bond SSB rates are all lower than the yield of SGS bonds (as of 1 Mar 2019). Overall bond interest rates have been rising quickly this week.
Head to our Singapore Bonds Interest Rates page to learn more about the interest rates for SSB and SGS bonds.
Singapore Savings Bond SSB vs Bank Fixed Deposits
Bank fixed deposits are a popular option for short term investors looking to park their money. There are many banks offering fixed deposits and their interest rates (as of 1 Mar 2019) are summarised in the chart and table below. In the table, you will also find the links to the relevant bank websites for their fixed deposit details.
Singapore Savings Bond SSB Apr 2019 is offering the highest interest of 1.96% pa. ICBC 1-year fixed deposit offers the next highest effective interest rate of 1.95%. Another benefit of Singapore Savings Bond SSB is no early redemption penalty; you can redeem your invest amount with accrued interest at the end of any month. For fixed deposits, an early termination will cause the loss of accrued interest.
|Fixed Deposit||Interest Rate (%)||Link|
|CIMB 6 mth||1.70|
|RHB 6 mth||1.68|
|UOB 10 mth||1.80|
|SCB 10 mth||1.75|
|Hong Leong 1Y||1.85|
|ICBC 1Y||1.95||ICBC Link here|
Singapore Savings Bond SSB Apr 2019 vs Singapore Retail Bonds
Singapore Retail Bonds are corporate issued debt that pay interest regularly. Their yields (as of 1 Mar 2019) are shown in the chart and table below. You should be aware that retail bonds are more risky than Singapore Savings Bond SSB. And for that reason, Retail Bonds generally pay higher interest than SSB for the same tenure, which you will see this in trend below.
Interest Rate (%)
|Astrea IV 280614||3.45|
That’s it for this month’s review of Singapore Savings Bond SSB Apr 2019. Do also check out our article on the previous SSB issue.
For more information on SSB Apr 2019, please visit read about it on the MAS Singapore Savings Bond website.
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