Singapore Savings Account Rates: SGS Bonds

Nov 6, 2017

Deposits That Bettered Last Year's Inflation of 0.9%

Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today.

Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

Hardly any of the run-of-the-mill savings accounts in Singapore beat last year's core inflation rise of 0.9%.

Plain vanilla bank fixed deposits accounts of 2016 also fared poorly if you remove those opportunistic promotional rates.

Some SGS 1-Year Treasury Bills and 2-Year Bonds appeared to have paid higher rates than 0.9%.

Did your deposits bettered last year's inflation of 0.9%?

See also:

Safest Singapore Fixed Deposit Rate

2% Singapore Savings Account Promo Rate

BOC Fixed Deposit Promotion Rates

No hurdle 1.35% iSavings Account *Popular Post*

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The Team

Singapore Savings Account Rates.

Apr 27, 2017

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