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

Singapore Savings Account Rates.

2-Year SGS Bond Coupon 2.5%

2-Year SGS Bond Coupon 2.5%

NX09100W, a 2-Year SGS Bond pays a coupon 2.5% per year. If you purchased it at the auction on 26 Jan 2017, the cut-off yield to maturity is 1.36%.

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Results of auction of taxable book-entry Singapore Government Bonds to be issued on 01 February 2017.
Date: 26 Jan 17

Tenor Approx. 2 Years
Total Amount Allotted SGD 2,300,000,000
Amount Allotted to NonCompetitive Applications SGD 256,560,000
Amount Allotted to MAS SGD 200,000,000
Total Amount Applied SGD 5,742,007,000

Coupon Rate 2.500% p.a.
Cut-off Yield & Price 1.36% p.a. and 103.031%
Median Yield & Price 1.30% p.a. and 103.170%
Average Yield & Price 1.30% p.a. and 103.170%

% of Competitive Applications at
Cut-off Allotted Approximately 95%

% of Non-Competitive
Applications Allotted 100%

Issue Code NX09100W (Reopened)
ISIN Code SG7S29941612
Maturity Date 01 June 2019

Thanks for reading Singapore Savings Account Rates.

The Team

Singapore Savings Account Rates.

SGS Singapore Government Securities Bond Rates

SGS Singapore Government Securities Bond Rates

Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the SGS Singapore Government Securities Bond rates in today's post.

SGS Singapore Government Securities Bond Rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm SGS Singapore Government Securities Bond rates with the respective banks before you invest your money.

SGS Singapore Government Securities Bond rates are subject to change without prior notice at discretion of the bank or finance company in 2015. You need to assess the suitability of these financial products for your personal financial portfolio.

SGS Singapore Government Securities Bond Rates

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Singapore Savings Account Rates.