2.44% Singapore Savings Bond GX17020E

2.44% Singapore Savings Bond GX17020E

The average annual interest payout is 2.44%. Singapore savings bond GX17020E is the name. We share new SSB Singapore Savings Bond interest rates issued on 1 Feb 2017.

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.

Rates quoted in 2017 on Singapore savings accounts rates are meant for personal use only. You are advised to check interest rates with the respective banks and/or fixed income investment companies before investing.

Average annual return % of Singapore Savings Bond GX17020E to be issued on 1 February 2017, maturing on 01 February 2027 on a compounded basis:

For you own protection, perform due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates.

The Team

Singapore Savings Account Rates.

1.94% p.a. Bond Interest Income

1.94% p.a. Bond Interest Income

Find out the latest bond interest income of 1.95% from this bond investment available to Singaporeans in Singapore.

Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore.

Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore.

2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.

SBJUN16 GX16060X is one of a series of Singapore savings bonds issued in May 2016. In this series, you get interest income of 1.94% per annum at end of 10 years on a compounded basis. See table below.

Rates for May 2016 issue of Singapore Savings Bonds.

Bond ID = SBJUN16 GX16060X

2016 savings account interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company.

You should perform your own due diligence to assess the suitability of these financial products for your personal financial circumstance. Consult professional financial advisors and understand your own risk / reward appetite. Knowledge and understanding of the financial product features and risks are critical as well.

Thanks for reading Singapore Savings Account Rates.

The Team

Singapore Savings Account Rates.

2016 Savings Bond Interest Rate

2016 Savings Bond Interest Rate

Singapore Savings Account Rates blogspot dot com is the online presence we share the best, the latest and the most up-to-date 2016 Singapore savings account rates in Singapore.

Our team at Singapore Savings Account Rates is motivated to help you earn more interest income from savings accounts, savings bonds and other similar fixed income investments in 2016.

Singapore 2016 savings bond interest rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.

2016 Savings bond interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company in 2016. You need to perform your own due diligence to assess the suitability of these financial products for your personal financial circumstance.

2016 Savings Bond Interest Rates For January 2016:

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore.

The Team

Singapore Savings Account Rates.

Singapore Savings Bond: First Issue

Singapore Savings Bond: First Issue

Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore savings account rates in today's post.

Our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in savings accounts in 2015.

Singapore Savings Bond: First Issue has been launched for application on 1 Sep 2015. The SSBs will be issued on 1 Oct 2015.

Singapore Savings Bond: First Issue Details:

Tenor: Approximately 10 years

Maximum Amount offered: SGD 1,200,000,000

Minimum Denomination SGD 500

Issue Code GX15100F

Coupon Rate

Closing Date of Application: 9pm 25 Sep 2015

Mode of Application: DBS/POSB. OCBC and UOB ATMs + DBS/POSB Internet Banking

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore.

The Team

Singapore Savings Account Rates.

Apply For Singapore Savings Bonds

Apply For Singapore Savings Bonds

Welcome to Singapore Savings Account Rates site.

In the second half of 2015, the Monetary Authority of Singapore (MAS) will announce the exact dates of retail launch of Singapore Savings Bonds for purchase by Singaporeans.

To apply for Singapore savings bonds, you need to prepare the relevant documents and accounts.

In essence, you need two items. These are:

(1) Central Depository (CDP) securities account under your name.

This CDP account must have direct crediting service to a local bank account.

(2) Bank account under your name to purchase Singapore Savings Bonds.

Currently only DBS/POSB, OCBC or UOB bank accounts are accepted by MAS for purchase of Singapore Savings Bonds. More banks may join the scheme at later date.


Once you have these two accounts, you are ready to apply for Singapore savings bonds.

To directly apply for Singapore savings bonds, you can do so in two ways.

(1) visit a participating bank Automated Teller Machine (ATM) and punch the numbers to apply for your savings bonds

OR

(2) perform the bond application via online transaction using participating bank Online Banking service. Currently available only at DBS/POSB bank.



What if you don't have a CDP account? You must get a CDP security account first. The Central Depository Pte Limited ("CDP") is a wholly owned subsidiary of the Singapore Exchange Ltd ("SGX"). The minimum age to get this account is 18 years old.

For Singaporeans residing in Singapore, you can apply for an individual CDP account in the following ways.

(1) Visit CDP or any Broker who is a SGX-ST Member with your original identification documents

OR

(2) Mail in your completed application form, together with supporting documents as listed below to CDP.

Supporting identification documents requested:

•Singapore pink Identification card (NRIC)( Photocopy )
OR
•Singapore Armed Forces ("SAF") Identification card ( Photocopy )
OR
•Singapore Police Force Identification card and passport ( Photocopy )

AND

Original copy or E-statements of ONE of the following, dated within the last 3 months, which cross-references the particulars in the NRIC:

•Bank statement from any Monetary Authority of Singapore (“MAS”) licensed banks

OR
•Central Provident Fund (“CPF”) statement

OR
•Tax return

(Please note that these documents will be retained by CDP)


More information at CDP Customer Service:

Central Depository
9 North Buona Vista Drive
#01-19/20
The Metropolis
Singapore 138588

Operating Hours
•Monday to Friday - 8.30am to 5.00pm
•Saturday - 9.00am to 12.30pm
•Closed on Sundays & Public Holidays

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore.

The Team

Singapore Savings Account Rates.

Singapore Savings Bond Rates

Singapore Savings Bond Rates

Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore Savings Bond Rates in today's post.

Our team at Singapore Savings Account Rates works hard to raise your earned interest income from investing in Singapore Savings Bond Rates in 2015.

Here is some preliminary information on Singapore Savings Bond Rates according to Monetary Authority of Singapore (MAS).

Singapore Savings Bond Rates:

Singapore Savings Bond rates interest is paid every 6 months.

At issuance, Singapore savings bond rates are fixed based on the prevailing SGS yields and locked in for each issue.

If you hold your Singapore Savings Bond for the full 10-year term, the average Singapore savings bond rates interest per year on your investment will match the return if you had invested in a 10-year SGS at the point of your investment.

In the last 10 years, the 10-year SGS yield has been between 2% to 3% most of the time.

If you decide to redeem your Singapore Savings Bond early, the average Singapore savings bond rates interest per year will be lower than the 10-year SGS yield.

For example, if you redeem Singapore Savings Bond after 2 years, the average Singapore savings bond rates interest per year on your investment will match the return if you had invested in a 2-year SGS.

The Singapore savings bond rates schedule for each Savings Bond issue will be announced before applications open.

Illustration Of Singapore Savings Bond Rates Calculation:

In the first year, you will earn interest based on the 1-year SGS yield at the point you bought the bond (for example = 0.9% p.a.).

In the second year, you will earn an interest (1.5% p.a.) higher than the 2-year SGS yield (1.2% p.a.), so that on average over the two years you would have received the 2-year SGS yield.

In the tenth year, the Savings Bond will pay an interest of 3.3% p.a..

The total return or average interest on your investment (2.4% p.a.) will match what you would have received had you bought a 10-year SGS at the time of your investment.

At any time during this 10-year period, you can choose to redeem the bond with no penalty and receive your principal ($1,000) with accrued interest.

If you hold the bond for the full 10 years, you will get your principal back together with the final 6-monthly interest payment.

Singapore Savings Bond rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before you invest your money.

Singapore Savings 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.

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore.

The Team

Singapore Savings Account Rates.