Singapore Savings Bonds SSB July 2017 Issue gives you 2.12% interest per year over 10 years

June 7, 2017 by Kyith 12 Comments

Here is a higher yielding, safe way to save your money that you have no idea when you will need to use it, or your emergency fund.

The Jul 2017’s SSB bonds yield an interest rate of 2.12%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB,OCBC, DBS)

$10,000 will grow to $12,163 in 10 years.

This bond is backed by the Singapore Government and its available to Singaporeans.

You can find out more information.

Note that every month, there will be a new issue you can subscribe to via ATM. The 1 to 10 year yield you will get will differ from this month’s ladder as shown above.

Last month’s bond yields 2.16%/yr for 10 years.

Here is the current historical SSB 10 Year Yield Curve

What is this Singapore Savings Bonds? Read my past write ups:

Past Issues of SSB and their Rates:

To get started with dividend investing, start by bookmarking my Dividend Stock Tracker which shows the prevailing yields of blue chip dividend stocks, utilities, REITs updated nightly

About Kyith

Founder & Sole Employee of InvestmentMoats.com . Engineer by day. Blogger by night. Active Stock Investor for 14 years. SG & HK Mkts. Pursues Financial Security & Financial Independence. Reached Financial Independence at 38. Kyith's , , . More on Kyith ...

Comments

Verseun says
June 9, 2017 at 10:26 am
Hi Kyith ,
I have been following your blog for a few years now and got introduced to Gannon and his rigorous approach in the previous (Hedgehog investing ) now known as Focused Compounding. I find your approach to investing as solid as well.
I also noticed that your main holdings are in REITs and having worked in a REIT for 4 years, understand that this is a good investment .
You also purchased quite alot of K1 Ventures recently, and I am just curious on the basis of your rather large investment , assuming your portfolio of 300-400k, that would be an over 10% allocation.
Thank you for sharing your insights .
Reply
- Kyith says
  June 10, 2017 at 8:10 pm
  Hi Verseun, thanks for visiting my blog. K1 Ventures is a special situation where the management have indicated to Guggenheim to buy back their warrants, preference shares. It is what value that we will get. As of now i view this as a wrong decision because i did not factored in costs and taxes that well in my figures.
  I am curious that you said REITs are good investments, I suppose they might be limited returns but they do offer some niche advantages that its hard to find in other investments.
  I am not as good as Geoff and Hoang. I can only fake it till i make it haha.
  Reply
  - Alan says
    June 14, 2017 at 3:56 pm
    Thanks Kyith for your clarifications.
    REITs are good investments because mainly for their clarity of cashflows. You can project the next 2-3 years or up to ten years (for Japan office/retail properties). But this mainly boils down to the REIT manager and their ability to make yield accretive acquisitions and asset management skills which we can only judge from track record. Also , based on interest rate climates and laws governing REITs. Analysis like you mentioned in your REIT article is key.
    K1 Ventures seem like the opposite of a REIT , with a limited uncertainty on the value of Guggenhiem based on the stake K1 has which it says is around 5%. The bet is whether it will be way above the current premium to NTA after factoring in costs and taxes.
    Finally, you are already making it , being one of the best local financial writers out there with a solid investment track record.
    Reply
    - Kyith says
      June 17, 2017 at 2:27 pm
      Hi Alan,
      Thanks for clarifying. I think the mainstream media made things out too easy or too difficult regarding a single subject. When I was trying to discern these stuff… you have the feeling whether what you are reading is 100% the real stuff or there are caveats. For REITs I am always figuring these stuff out. Its good to have people like yourself advising that how I look at things is somewhat not too wrong.
      For K1 ventures honestly I think perhaps we didn’t factor in enough of the taxes and costs. We can only hope eventually it gets sold its not at NAV.
      I think I have still much to improve, this year have proven to me I need to be sharper up there in the brain.
      Reply
Verseun says
June 9, 2017 at 10:35 am
Correction – Not Hedgehog investing but Avid Hog
Reply
says
June 9, 2017 at 6:34 pm
Need to leave for 10 years than get 2.12% pa….Wah I no patience.
Reply
Lemonade says
July 6, 2017 at 4:41 pm
Hi Kyith,
Just wonder wouldn’t I be better off if I invest my $ in STI ETF than having my $ in SSB?
STI ETF would have a higher return in the long run.
Reply
- Kyith says
  July 8, 2017 at 4:03 pm
  Hi Lemonade, good question. Returns may be higher, but so are volatility. And different people understand volatility differently. Your purpose for this financial instrument may also be different.
  For example, for Kyith i use it to park my spare cash waiting to be deployed. If i find an opportunity i could liquidate it knowing i have $50,000 to deploy. I cant say the same for STI ETF. The value may be 20% more, 20% less depending on where the volatility bring me.
  Reply