Singapore Savings Bonds (SSB)
The latest SSB (SBDEC24) has a 10-year average return of 2.81% p.a. View Details
The next SSB (SBJAN25) is projected to have a higher 10-year average return. View Projection
SSB is a safe investment instrument suitable for individual investors for short to long term savings purposes. It is capital guaranteed, and you may redeem early (if needed) with accrued interest and no penalty.
However, if a newer SSB issue has a higher return, the SSBs you bought previously do not automatically enjoy the higher interest rate. To take advantage of any newer SSB issue that gives a higher return, you need to actively swap the existing SSB with the new one. You may also check the health of your SSB portfolio with SSB Portfolio Analyzer.
Check out SSB Allotment and Historical Rates for detailed statistics on SSB.
Singapore Treasury Bills (T-bills) & SGS Bonds
6-Month T-bill is open for application.
Auction for 6-Month T-bill BS24122E (07 Nov 2024), cut-off yield: 3.04% p.a. View Details
Auction for 1-Year T-bill BY24103N (17 Oct 2024), cut-off yield: 2.71% p.a. View Details
T-bills and SGS bonds are other types of Singapore Government Securities (SGS) available to individual investors. T-bills have short tenors (6-Month and 1-Year), do not pay coupon/interest and are sold at discount over face value. On the other hand, SGS bonds have longer tenors (2, 5, 10, 15, 20, 30 or 50-Year) and pay coupon/interest every 6 months.
T-bills and SGS bonds can be traded in the secondary market, but their values can rise or fall during their tenors, depending on interest rate movements. Nonetheless, they are capital guaranteed if you buy them in auction and hold to maturity, as you will receive the face (par) value on maturity.
You can participate in an auction by submitting non-competitive or competitive bid. To submit a competitive bid, you need to specify a yield you are willing to accept. We recommend that you keep track of the respective T-bills or SGS bonds details (6-Month, 1, 2, 5, 10, 15, 20, 30, 50-Year), for interest rate trends leading up to the auction date.