No place to park your excess funds and want a flexible place to park while gaining a decent yield. SSB is the place for you to park your funds.
Learn how to make use of SSB bond ladder to gain additional interest with DBS Multiplier.
July 2019 SSB gives an average interest rate of 2.16% over the next 10 years and can be applied thru DBS/POSB, OCBC
This bond will be reflected as “ SBJUL19 GX19070W ” in your CDP statement or “GX19070W” in your SRS statement and “ CDP-SBJUL19 ” in your bank statement.
The 1st interest payment will be made on 1 Jan 2020, and subsequently every six months on 1 Jan and 1 July every year.
If you invest $1000, you will receive $217 in interest if you hold the bond till maturity in 2029.
Yearly and average interst rate as below.
Past Month SSB Rates
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