This month has brought some noteworthy changes in interest rates. The yield on the 6-month Singapore Treasury bill has dipped to 2.9%, and the best fixed deposit rate now stands at 2.8%. It’s not surprising then that many investors, keen on finding a good place for their cash, have noticed that the current Singapore Savings Bonds (SSB) offer a 10-year average interest rate of 2.97%. This is notably higher than both the T-bill yield and the fixed deposit rate.
Amid these developments, the question on the minds of many in our Beansprout community is whether next month’s SSB will offer an even higher interest rate. Knowing this can help investors like us decide whether we should go ahead and apply for the current SSB or hold off and wait for the next one. With this in mind, I took a closer look at the latest SSB interest rate projection to get a sense of where the rates might be heading. Source: MAS
As we ponder whether to apply for the current SSB, it’s important to consider why it might be a strategic move…
