Anonymous

Edited 01 Nov 2022

∙

General Investing

Is it wise to redeem my SSB now and buy next month's SSB/T-Bill to earn a higher interest rate?

For SSB, I have invested $10,000 in 2018 earning an average of 2.48%. Given that recently the interest rate for SSB/T-Bill averaged more than 3%. Should I redeem my SSB this month and buy for next month SSB/T-bill?

SBNov18 GX18110Z

21

Discussion (21)

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MS

09 Nov 2022

I guess it depends on how urgent you need the money?

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SH

06 Nov 2022

Yes that's what I'm doing too

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ll

05 Nov 2022

Just wondering why will you consider buying another SSB when banks do have a similar interest rate savings account now

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SH

05 Nov 2022

Yes just do it.

Will suggest SSB instead of Tbill if you are looking for longer term bond as it lock up the current high interest rate. Tbill is good for short term when you need the money in 6 months time.

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Ga ming

04 Nov 2022

You can redeem it as the interest is higher now....

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When is the best time to redeem SSB to lose out lesser on interest rate? Start of the month or end of the month?

When will you jump into Singapore Savings Bonds? SSBs this month start at 3% year 1. Interest rates still going up the US Fed predicted to increase rates by 75bps. Do you buy this SSB or wait and see?

If I have $10,000 in savings which I'm storing in my multiplier account, is it a good idea to use 50% of them to buy SSB, which offers higher interest rates?

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