The effective interest rate for SSB SBNOV25 GX25110W is 1.83% if you held it for 10 years. As you can see from the above chart, the interest rates for this month’s issue of the SSB Singapore Savings Bond continued to fall lower to hit another new 12-months low. Are you wondering what is the SSB yield if you sell off after one year? If you decided to sell off it after holding it for 1 year, the return per year is 1.39%. Further down below this post, we shall take a look at the interest for each year you hold the Singapore Savings Bond (SBNOV25 GX25110W). The “step up” feature of the SSB facilitates long term investment which means the return increases the longer you hold them for.
Singapore Savings Bonds are a type of government bond issued by the Monetary Authority of Singapore that offers individuals a safe and flexible way to save money. These bonds have a low minimum investment amount, starting at just $500, and offer a higher interest rate than traditional savings accounts. Investors can purchase Singapore Savings Bonds directly from the government and hold them for up to 10 years, earning regular interest payments along the way.
Why should you buy Singapore Savings Bonds? Despite low returns, Singapore Savings Bonds are low risk investments. This makes them a popular investment option among risk-averse investors looking to grow their savings over time. The return increases as you hold them longer. The limit an individual can purchase is S$200,000 inclusive of both cash and SRS. In the next section, we shall look at how to calculate the returns from Singapore Savings Bonds.
Calculating Returns Using Singapore Savings Bonds (SSB) Calculator
To make it transparent, clear and easy to investors, Monetary Authority of Singapore (MAS) had come up with a Singapore Savings Bonds Calculator which you can use to calculate how much interest you would earn if you held Singapore Savings Bonds for 10 years.
Let us use an investment of S$10,000 as an example. If you purchase this issue of SSB Singapore (SBNOV25 GX25110W) and held it for 10 years, you will receive a total earning of S$1,847.23.
Below is the interest per year for SSB SBNOV25 GX25110W until the 10th year where the bond matures.
| Year from issue date | Interest % | Average return per year %* |
| 1 | 1.39 | 1.39 |
| 2 | 1.48 | 1.43 |
| 3 | 1.54 | 1.47 |
| 4 | 1.59 | 1.50 |
| 5 | 1.69 | 1.54 |
| 6 | 1.85 | 1.59 |
| 7 | 2.01 | 1.64 |
| 8 | 2.17 | 1.71 |
| 9 | 2.32 | 1.77 |
| 10 | 2.44 | 1.82 |
*At the end of each year, on a compounded basis.
How to Buy Singapore Savings Bonds
To buy Singapore Savings Bonds, you first need to have an individual CDP account with the Central Depository (CDP). You can apply for the bonds through ATMs of participating banks, internet banking services, or through the DBS/POSB, OCBC, or UOB websites. Simply log in to your bank account and follow the instructions to subscribe to the bonds.
The minimum amount you can invest in Singapore Savings Bonds is $500, and you can apply for up to $200,000 worth of bonds in each issue. The bonds are issued monthly, and the interest rates are adjusted every year. Once you have successfully subscribed to the bonds, you will receive your interest payments twice a year, with the principal amount being repaid at the end of the bond’s 10-year tenure.
For more details, refer to How to Buy.
How to Sell Singapore Savings Bonds
To sell Singapore Savings Bonds, you can do so through the ATMs of participating banks, such as DBS/POSB, OCBC, and UOB. Simply log in to your bank account through the ATM and follow the instructions to sell your bonds.
You can also sell your Singapore Savings Bonds through SRS Operator if you hold them under the Supplementary Retirement Scheme.
For more details, refer to How to Redeem.
How To Track Singapore Savings Bonds?
To track your Singapore Savings Bonds, you can visit the official website of the Monetary Authority of Singapore (MAS) where they provide regular updates on the issuance and performance of the bonds.
I use Stocks Café to track my SSB Singapore purchases. If you like to know more about Stocks Cafe, please read up my previous review of Stocks Cafe.
Will I Buy SBNOV25 GX25110W?
I will NOT buy SBNOV25 GX25110W. This month’s issue of Singapore Savings Bond (SBNOV25 GX25110W) is not worth investing as the effective interest rate continue to trend lower and hit the lowest at only 1.83% per annum if you held it for 10 years.
As usual, if you are looking at low risk places to park your money, consider UOB Stash, UOB One Account, GXS account or other high interest savings accounts. Savings accounts are probably the lowest risk places to park your money.
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