Apply for Singapore Savings Bond this month of March
You probably should consider vesting in Singapore Savings Bond (SSB) if you have been waiting out for the best rates.
According to the official site, the average return per year will be 2.31% when you hold out until the tenth year. That means a $10,000 investment will yield $12,340 in 10 years.
Do keep in mind, however, that the interest rate is only 1.42% if you decide to hold out for only 1 year, lower than in February.
You can apply through ATM or Internet Banking through UOB, OCBC or POSB/DBS with a minimum of $500 and up to $100,000. Application period closes at 9pm on 26 March. Results will be available after 3pm on 27 March 2018.
SSB is backed by Singapore government and is available to all Singaporeans.
Learn more from Singapore Savings Bond
