SSB - Singapore Saving Bond : july 2024 Average interest of 3.3 percent seem quite a high interest to me! Deadline 25th Jun 2024. Issue date 1st July 2024.

 SSB - Singapore Saving Bond  : july 2024 Average interest of 3.3 percent seem quite a high interest to me!

 Deadline 25th Jun 2024. Issue date 1st July 2024.

A safe and flexible way to save for the long term

The monthly issuance size of the Singapore Savings Bond (SSB) programme is S$600 million for this month. For more details, refer to the media release.

 Interest rate is Based on the table rate reflected on the website.
At the end of each year, on a compounded basis.

http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

Application may apply through: DBS/POSB, OCBC and UOB ATMs and Internet Banking and SRS. CPF funds are not eligible.

Invest amount : You can invest a minimum of $500, and in multiples of $500. The total amount of Savings Bonds held across all issues cannot be more than $200,000.

Interest Payment dates : Upcoming payment: 01 Jan 2024
Subsequent payments (until maturity): Every 6 months on 01 Jul and 01 Jan

Each Savings Bond has a term of 10 years and pays interest every 6 months. Savings Bonds cannot be traded like conventional bonds or shares. Interest income is exempt from tax. Only individuals above 18 years old can apply.

 Savings Bonds are fully backed by the Singapore Government. And because the bonds can always be redeemed for the full amount invested, investors are protected against capital losses when interest rates change. This makes them one of the safest possible investments for individuals to hold.

Save up to 10 years, and earn interest that “steps up” or increases over time. Hold your Savings Bond for the full 10 years and receive an average interest per year that matches the return from 10-year Singapore Government Securities yields, which has generally been between 2%-3%.

Flexible : 
 Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start.

Just received my interest this month, awesome! 

UOB Bank - Yesterday I think Big Boy pushing up the price to secure the profit! Many resistance ahead! Likely to go down to test 29.98-30.00 again! Pls dyodd.

UOB Bank - Yesterday I think Big Boy pushing up the price to secure the profit! Many resistance ahead! Likely to go down to test 29.98-30.00 again!

 Pls dyodd.

15th April 2024:

  UOB  - Volatile week as ME tensions plus higher oil prices doesnt bode well for the stocks market! Lets see how the local bank fares! 

UOB - She is going XD on 25th April for 0.85 dividend.  I think is good to secure the profit! Pls dyodd.

UOB - Looks rather weak! Likely to go down to test 28 again! Pls dyodd. 

Is never wrong to lock in profit as bank are sensitive to future rate cut. 

 UOB Bank - I think boat is back! She has corrected from 29.24 to close at 27.95 yesterday,  yield is more than 6 percent looks quite an interesting! Pls dyodd.  

UOB Bank - FY results is out! FY Net profit is up 26 percent to 6.1b.4th quarter net profit climbed to S$1.40 billion ($1.04 billion) from S$1.15 billion a year earlier.Proposed a Final dividend of 85 cents as expected but no special dividend or Bonus issue like Dbs bank. Lets see how market react! 

XD of 85 cents on 25th April.

At 29.24, yield is about 5.8%.

UOB reported 

a 22% rise in net profit in the fourth quarter from a year earlier on the back of higher net fee and non-interest income.

UOB, which is Southeast Asia's third-largest bank by assets, said October-December net profit climbed to S$1.40 billion ($1.04 billion) from S$1.15 billion a year earlier.

The bank recommended the payment of a final dividend of 85 Singapore cents per share, bringing the total dividend for 2023 to S$1.70 per share.