By MoneyBees
Year-by-year interest on the latest Singapore Savings Bond step-up rates from MAS, what you get back if you redeem early, and the latest T-bill for comparison.
Each year has its own rate, fixed when the issue opens. Interest for a year is your amount x that year's rate, paid in two halves every 6 months. S$10,000 at a year 1 rate of 1.67% earns S$167 in year 1.
You can redeem in any month with no penalty. You get your money back plus the interest earned up to then, by the 2nd business day of the next month. Your bank charges S$2 per redemption request.
At least S$500, in multiples of S$500, and up to S$200,000 across all the Savings Bonds you hold.
Your bank charges a S$2 transaction fee for each application and each redemption request. Neither is refunded. There is no fee when a bond matures.
It is the yearly return MAS works out if you hold the bond for all 10 years. Because the rates step up, holding for less than 10 years gives you a lower return than this figure.
An SSB locks in rising rates for 10 years and you can leave in any month. A T-bill's yield is set at each auction and you cannot sell it back to MAS early. This page puts the latest 6-month T-bill cut-off next to your SSB so you can compare.
Yes. Choose the older-issue option and type the 10 yearly rates from your CDP statement or the MAS page for that issue.
Yes. MAS lets you buy Savings Bonds with SRS money; interest and redemptions are paid into your SRS account.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).