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Anonymous

Edited 16 Sep 2023

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General Investing

Redeeming my SSB investment early

I made my SSB investment in 2018 and at that time, the interest rate was 2.6%. Now the rate has increased to 3%. Thinking of redeeming it early and re-investing it in SSB. Will there have any implications?

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Discussion (14)

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Robin Lim

31 Oct 2023

No Complication.

just make sure u have enough cash flow.

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Francis

01 Oct 2023

I think just the transaction costs of selling and buying.

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Choon Yuan Chan

30 Sep 2023

Not much implications except the below mentioned by others

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Ivora

23 Sep 2023

You have another 5 years to go on your existing SSB.

Calculate the interest gained due to the increased interest rate on the amount you are swapping.

Generally no penalties for early redemption for SSB. You'll even get the interest accrued up to point of redemption.

Also take into account the fees per subscription/redemption.

Check that you have a net gain and decide if the net gain is worth your effort/time.

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Ngooi Zhi Cheng

22 Sep 2023

Student Ambassador 2020/21 at Seedly

Redeeming your Singapore Savings Bond (SSB) investment early to take advantage of a higher interest ...

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Constantly hearing that SSB is a very safe investment, what are some of the risks of investing in SSB?

Do we need to invest $500 monthly if we want to invest in SSB? Or we can just pay a one time off thing of $500 in the initial phase and invest another $500 in the near future?

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