From the above, we can see that the SSB offers a lower interest rate at 2.97% but at a much lower minimum deposit amount, at S$500, than the Fixed Deposit Account with an interest rate of 4.20% and a minimum deposit amount of S$10,000. However, the tenure for the SSB is also much longer, at ten years, compared to the tenure for the Fixed Deposit Account, which is 18 months., similar to SSB, is also a government-issued bond issued by the Singapore Government.
2) SGS is transferable and can be traded on the secondary market – at DBS, OCBC, or UOB branches; or on SGX through securities brokers.The fixed-income investment vehicles as above are all viable options for any investor. Depending on your risk appetite, desired tenure and preference for liquidity, any alternatives could be a good addition to your investment portfolio.
A new SSB is issued on the 1st business day of each month. The minimum investment amount is S$500 and the maximum is S$200,000.by the internet banking portal of your SRS operator.b) An individual CDP Securities account with Direct Crediting Service activated.a) Log in to your bank’s internet banking, ATM, or OCBC’s mobile banking app. Be sure to have your CDP account number with you.