The Singapore Savings Bond (SSB) is fully backed by the Singapore Government. No capital loss will be incurred, and you can always get your investment amounts back
From the above, we can see that the SSB offers a lower interest rate at 3.06% but at a much lower minimum deposit amount, at S$500, than the Fixed Deposit Account which has an interest rate of 3.60% and a minimum deposit amount of S$10,000. However, the tenure for the SSB is also much longer, at 10 years, as compared to the tenure for the Fixed Deposit Account which is just 9 months., similar to SSB, is also a type of government-issued bond issued by the Singapore Government.
2) SGS is transferable and can be traded on the secondary market – at DBS, OCBC, or UOB branches; or on SGX through securities brokers.The fixed income investment vehicles as above are all viable options for any investor. Depending on your risk appetite, desired tenure and preference for liquidity, any of the alternatives could be a good addition to your investment portfolio.
A new SSB is issued on the 1st business day of each month. The minimum amount to invest is S$500 and the maximum is S$200,000.by the internet banking portal of your SRS operator.b) An individual CDP Securities account with Direct Crediting Service activated.a) Log in to your bank’s internet banking, ATM, or OCBC’s mobile banking app. Be sure to have your CDP account number with you.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore on 58th Birthday: The Good, the Bad and the Ugly - Singapore News'I remember Lee Kuan Yew once said that he did not expect his ministers to be saints but if you were caught literally with your pants down, that was it'
Read more »
Demand for premarital health screenings soar by 30% as marriage age increases in Singapore - Singapore NewsThe increasing popularity of these services signifies a growing awareness among couples regarding the significance of proactive health management and responsible family planning
Read more »
Ng Kok Song explains why Singapore’s reserves have to be kept secret - Singapore NewsOn the need for secrecy regarding Singapore’s reserves, he said: “It is a very strange thing that when you’re confronting a hostile force, an enemy who wants to do damage to you, do you tell your enemy how much resources you have?'
Read more »
12-year-old multi-millionaire buys S$300,000 Range Rover after arriving in Singapore - Singapore NewsHer net worth is estimated to be over $12 million (S$16 million)
Read more »
12 years of savings gone overnight: Security guard loses over $155,000 in job scamA security guard lost his entire savings of more than $155,000 after falling prey to a job scam, transferring as much as $60,000 to fraudsters in just one day. Read more at stomp.straitstimes.com
Read more »
2 men steal S$100,000 from moneychanger by swopping counterfeit notes with real onesSINGAPORE — Believing that Singapore is a “rich country”, two foreigners decided to fly from their home country to Singapore in order to steal money from a money changer here.
Read more »