Singapore Savings Bond int goes up to 1.65% pa for first year

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Singapore Savings Bond int goes up to 1.65% pa for first year
1.8% for 2nd year.

It is the highest among all the months since the launch.

The monthly issuance size of the Singapore Savings Bond (SSB) programme has been increased to S$200 million from this month. For more details, refer to the media release here.

Issuance details

Bond IDGX18050E
Amount available$200 million
Issue date2 May 2018
Maturity date(1)1 May 2028
Interest payment dates(1)The 1st interest payment will be made on 1 Nov 2018, and subsequently every six months on 1 May and 1 Nov every year.
Investment amountsYou can invest a minimum of $500, and in multiples of $500. The total amount of Savings Bonds held across all issues cannot be more than $100,000.
Application periodOpens: 6.00pm, 2 Apr 2018
Closes: 9.00pm, 25 Apr 2018
Results: After 3.00pm, 26 Apr 2018
Keep track of the important dates with our SSB calendar.
Application/redemption of SSB will be unavailable on 21 April 2018 for ATMs and Internet Banking due to system maintenance.
Apply throughDBS/POSB, OCBC and UOB ATMs and Internet Banking, OCBC Mobile Application from 7.00am - 9.00pm, Mon - Sat, excluding Public Holidays. On 2 Apr 2018, these channels will be open from 6.00pm to 9.00pm. CPF and SRS funds are not eligible.

This bond will be reflected as "SBMAY18 GX18050E" in your CDP statement and "CDP-SBMAY18" in your bank statement.
Interest rates

Year from issue date

1
2
3
4
5
6
7
8
9
10

Interest, %

1.65
1.95
2.14
2.28
2.42
2.54
2.62
2.72
2.84
3.00

Average return per year, %*

1.65
1.80
1.91
2.00
2.08
2.15
2.21
2.27
2.33
2.39

* At the end of each year, on a compounded basis
Calculate the interest you will earn based on your desired investment amount using the Interest Calculator.
(1)If this day is not a business day, payment will be made on the next business day.