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
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