The past month has seen a noticeable decline in interest rates. In recent times, the six-month yield on Singapore Treasury bills has dropped to 2.56%, while the best fixed deposit rate for the same duration slipped to 2.50%. While updating my guide on cash parking options, I noticed something intriguing: the current issuance of the Singapore Savings Bond (SSB) is offering an average 10-year interest rate of 2.85%, which is higher than both the T-bill yield and fixed deposit rate. Naturally, this has sparked a lot of questions within the Beansprout community about what to expect for next month’s SSB interest rate. Understanding the projected interest rate for the upcoming SSB can help us decide whether it’s wiser to invest in the current bond or hold off for the next one. With all this in mind, I decided to delve into the latest SSB interest rate projections to get a clearer picture of where rates might be headed in the near future.
