Singapore Savings Bonds Mar 2018 – Up to 2.87%pa Interest

SSB Mar 2018

Singapore Savings Bonds SSB Mar 2018 offers coupon yields of 1.42% pa to 2.87% pa from Year 1 until Year 10. Investors can enjoy an average return of 2.11% pa when the bond is held to maturity in 2028. Details are summarised below.

  • Bond ID: GX18030S
  • Tranche size: S$150 million
  • Issue date: 1 Mar 2018
  • Maturity date: 1 Mar 2028
  • Interest payment dates: 1 Mar, 1 Sep every year

Read more about this issue in your MUST-READ
Guide of Singapore Savings Bonds Mar 2018

SSB Mar 2018 Application Timeline

You can start applying for this month’s SSB through POSB/DBS, OCBC, UOB ATMs and internet banking platforms from 1 Feb 2018.

  • Deadline for application: 26 Jan 2018 9pm
  • Allotment results: 29 Jan 2018 after 3pm

Eligibility

Singaporeans, PRs and foreigners can apply for the Singapore Savings Bonds. You will need to be above 18 years old and possess a Central Depository (CDP) Account. Head to MAS Singapore Savings Bonds website to learn more.

Rising Popularity of Singapore Savings Bonds

Singapore Savings Bonds are becoming more popular. In fact, SSB Feb 2018 was over-subscribed! Applications amounted to S$170 million compared to offer size of S$150 million. This was probably because of attractive short term interest rates.

Singapore Savings Bonds Application Amount Graph Mar 2018

Key Benefits of Singapore Savings Bonds

Bonds are essential in any complete investment portfolio to insulate it from extreme return volatility. The Singapore Savings Bonds, introduced in Oct 2015 by MAS to encourage Singaporeans to save, is a great example of a low-risk, sovereign-backed bond asset. What’s more, SSB is not traded so there is no capital depreciation. Investors do not need to worry about rising interest rates either. SSB is redeemable in any given month.

Read more about this issue in your MUST-READ
Guide of Singapore Savings Bonds Mar 2018

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