Singapore Savings Bonds (SSB) are one of the more popular investment options for Singaporeans, as they often provide a greater return than bank fixed deposits.
It’s also one of the simplest ways for risk-averse investors to offset Singapore’s general inflation.
For comparison, the Monetary Authority of Singapore (MAS) reported Core Inflation of 2.1 percent year on year (y-o-y) in December 2021, up from 1.6 percent y-o-y in November 2021.
Overall inflation, as measured by the Consumer Price Index (CPI), increased to 4.0 percent year over year in December 2021, up from 3.8 percent in November 2021.
How can I purchase bonds on the Singapore Exchange?
Your securities broker can trade your SGS bonds on the SGX if they are kept in your CDP or SRS account. SGS bonds can also be purchased on the SGX with cash or SRS funds. Transaction and brokerage fees apply when trading on the SGX. 9 a.m. to 5 p.m., with a break between 12 and 1 p.m.
How can I purchase a Singapore bond?
- Select Singapore Government Securities from the Top Menu’s Invest section (SGS).
- Enter your personal information, the amount to be purchased, and the debiting account you want to use. Next should be selected.
Is it still possible to purchase savings bonds at the bank?
Although the current 2.2 percent interest rate on Series I savings bonds is appealing, purchasing the bonds has grown more difficult. Paper Series I and EE savings bonds—those handy envelope stuffer gifts—can no longer be purchased in banks or credit unions; instead, you must purchase electronic bonds through TreasuryDirect, the Treasury Department’s Web-based system. Our correspondent discovered the procedure of purchasing a savings bond for her little nephew to be cumbersome. Here’s some assistance:
Is it possible to lose money on savings bonds?
There’s also no need to be concerned about the savings bonds losing value. The Treasury Department guarantees that a Series I bond’s redemption value for any given month will not be less than its previous month’s value. If you need to cash in the bond before it matures, it won’t lose value.
Are bonds traded on the Singapore Exchange?
Retail bonds are offered in lesser denominations to all investors, including mass retail investors, and are traded on the Singapore Exchange like stocks. A retail bond can be listed on SGX if it is supported by a prospectus.
What are the different types of bonds offered in Singapore?
Singapore Government Securities (SGS) bonds have maturities ranging from 2 to 30 years and pay a fixed rate of interest. SGS bonds are divided into three categories: SGS (Market Development), SGS (Infrastructure), and Green SGS (Infrastructure).
Is it possible to sell a Singapore savings bond?
You can keep your Singapore Savings Bonds until they mature or redeem them for up to the full amount, plus interest, if you redeem them early. Savings Bonds, unlike SGS bonds and T-bills, cannot be bought or sold on the open market.
How do I use SRS to purchase Singapore bonds?
How to Purchase. Apply through DBS/POSB, OCBC and UOB ATMs, online banking, or through OCBC’s mobile app. SRS investors can apply using the internet banking interface of their SRS Operator.