Guide to My Savings Bonds Portal

If you didn’t know yet, the My Savings Bonds portal is ready. This means that you no longer have to log in to Central Depository Pte Limited (CDP) to view your Singapore Savings Bonds holdings. I am currently using Stocks Cafe to manage my stock portfolio and Singapore Savings Bonds but the My Savings Bonds portal will serve handy if I only want to view my Singapore Savings Bonds holdings excluding my stock purchases.

When you purchase Singapore Savings Bonds (E.g. via internet banking), the portal automatically gets updated with your purchase once the ballot results are announced.

Through My Savings Bonds, you will be able to:

  • View your total holdings of Savings Bonds, purchased using both cash and SRS funds;
  • See how much more Savings Bonds you can buy before you hit the Individual Limit;
  • Keep track of upcoming interest payments; and
  • Compare the interest rates across different Savings Bonds.

Here is a quick pictorial guide that I have done up. Read More

Frasers Logistics and Industrial Trust Divests 63-79 South Park Drive In Victoria

This is Frasers Logistics and Industrial Trust first divestment in the year 2019. Last year, Frasers Logistics and Industrial Trust had divested Lot 102 Coghlan Road In South Australia and 80 Hartley Street. Frasers Logistics and Industrial Trust has announced that they will divest 63-79 South Park Drive, Dandenong South, Victoria, Australia (the “Property”) at a consideration of A$17.25 million (the “Consideration”).

The Consideration is 13.1% premium to the Property’s book value of A$15.25 million and 4.5% premium to the original purchase price of A$16.5 million at Frasers Logistics and Industrial Trust IPO in 2016.

It is important what the REIT manager uses the proceeds from the divestment. Frasers Logistics and Industrial Trust mention in their press release that the net divestment proceeds may be used for funding potential acquisition opportunities, reducing existing debt and/or other general corporate purposes.

Upon completion of the proposed divestment, Frasers Logistics and Industrial Trust’s portfolio will comprise of 60 properties in Australia, 17 in Germany and five in the Netherlands, with a total value of approximately A$3.0 billion.

May 2019 Singapore Savings Bonds is 2.16%

The effective interest rate for May 2019 Singapore Savings Bonds (GX19050A) is 2.16% if you held it for 10 years. The interest rate remains flat which is the same as last month. Nevertheless, as usual, I shall be allocating a portion of my monthly salary into safe haven as the Singapore Savings Bonds acts as a form of emergency fund when the need arises.

If you didn’t know yet, SRS applications for Savings Bonds open from March and individual limit has doubled to $200,000. I personally felt that the introduction of SRS application for Savings Bonds is an excellent initiative as the SRS currently earns a petite interest rate of 0.05% per annum. In March, I have used partial of my SRS funds to purchase the Singapore Savings Bonds for the higher interest.

DBS Multiplier Account + Singapore Savings Bonds

If you hold a DBS Multiplier Account, you can perhaps try the hack I previously wrote about to achieve a higher interest rate payout. (Read more: Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds).

Singapore Savings Bonds versus Fixed Deposits

The interest rate of Singapore Savings Bond is also higher than most fixed deposits that banks can offer for 12 months. (Read more: CIMB Fixed Deposit Promotion Makes Your Money Work, Not You! )

Tracking Singapore Savings Bonds

My favorite website, StocksCafe has introduced a new feature to allow adding of Singapore Savings Bonds into your portfolio. If you didn’t know, I signed up as a Friend of StocksCafe as my most favorite feature of StocksCafe is the automated tracking of dividends payout.