Home      Introduction      Latest Bank Rates      Interest Calculator     
The latest on Singapore Savings Account Rates:

Apr 27, 2017

Safest Singapore Fixed Deposit Pays 2.39% p.a.

Safest Singapore Fixed Deposit Pays 2.39% p.a.

This safest fixed-deposit-kind-of-product is the 20-year Singapore Government Securities or SGS bond. This financial investment is 100% guaranteed by the Singapore Government. There is no cap limit to the amount that you can buy. And all the total amount that you invest is 100% guaranteed.

At the recent bond auction on 26 Apr 2017, the cut-off yield was quoted at 2.39% p.a.

As example, if you invested in a lot of $1000 20-year SGS bond, you would have paid $984.07 for each $1000 bond. There is no bank charge, no service charge and no commission payable.

Every year, you receive coupon payout of $22.50 (at 2.25% p.a.) that is credited into your bank savings account. At end of 20 years, you get $1000 returned to you.


26 Apr 17

Singapore Government Securities:

Tenor Approx. 20 Years
Total Amount Allotted SGD 800,000,000
Amount Allotted to NonCompetitive Applications SGD 68,551,000
Amount Allotted to MAS Nil
Total Amount Applied SGD 1,726,761,000

Coupon Rate 2.250% p.a.
Cut-off Yield & Price 2.39% p.a. and 98.407%
Median Yield & Price 2.37% p.a. and 98.711%
Average Yield & Price 2.36% p.a. and 98.863%

% of Competitive Applications at Cut-off Allotted Approximately 99%
% of Non-Competitive
Applications Allotted 100%
Issue Code NZ16100X (Reopened)
ISIN Code SG31A9000002
Maturity Date 01 August 2036

See also:

BOC Fixed Deposit Promotion Rates

No hurdle 1.35% iSavings Account

Singapura Blue Sky Savers update

5% Savings Account For Kids

FD Promo: SING Investments & Finance

Standard Chartered 11-month FD Promo


Thanks for reading Singapore Savings Account Rates.

The Team

No comments:

Popular Posts

6% p.a. Singapore Retirement Savings Account Rates
----------------------------------------------------
Update: New OCBC 1-Year FD Rates
----------------------------------------------------
UOB Savings Promotion 2017
----------------------------------------------------
Invest in 2.75% Singapore Government Bonds
----------------------------------------------------
Safest Singapore Fixed Deposit Rate
----------------------------------------------------
BOC Fixed Deposit Promotion Rates
----------------------------------------------------
No hurdle 1.35% iSavings Account
----------------------------------------------------
Maybank iSavvy Savings Rate Update June-Aug 2017
----------------------------------------------------
New SCB Fixed Deposit Update June 2017