facebookRedeeming my SSB investment early - Seedly


Edited 16 Sep 2023


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?


Discussion (14)

What are your thoughts?

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No Complication.

just make sure u have enough cash flow.

I think just the transaction costs of selling and buying.

Not much implications except the below mentioned by others

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.

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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