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Tan Wei Jie

Edited 09 Aug 2022

General Investing

Singapore Savings Bond

Hi all I put $15k into the June SSB which is averaging about 2.53%. Looking at the current trend, do you think it would be better to redeem it this month and buy the next month SSB as it could be higher than what I have? Thanks for the input!

Discussion (13)

What are your thoughts?

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Great. You can purchase new one. You can earn more if you can follow the below tips. I recommend you do it.

trap the cat

Redeem after you collect the first interest at 6 months then apply for new SSB at 3.21%

This is a good number. Thanks for sharing the news

bloxorz

The difference in interests may not be significant with a small fund. Moreover, if deploying the redemption, you can only subscribe to SSBSEP22 onwards; whereby the interest rate trends are still everyone's guess.

Suggest to use fresh fund if available. Otherwise, probably you could perform partial redemption rather than full as the interest rates for SSBJUN22 are pretty decent too.

SSB is getting short term higher interest but long term lower rate.

so u need weight if u r doing l...

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