The efficient rate of interest for Singapore Financial savings Bonds (SSB) June 2024 (SBJUN24 GX24060A) is 3.33% if you happen to held it for 10 years. As you’ll be able to see from the chart above, the rate of interest had leaped by 0.27% as in comparison with final month rate of interest of three.06% (SBMAY24 GX24050X). Based mostly on the 12 months development, the very best efficient rate of interest for Singapore Financial savings Bonds is 3.4% (SBDEC23). The efficient rate of interest for this month’s concern of the bond is getting nearer to the very best curiosity ever provided! What are Singapore Financial savings Bonds? Singapore Financial savings Bonds (SSB) are issued and totally backed by the Singapore Authorities. The bonds are among the many few with AAA credit standing which implies they’re by default low danger. With the Singapore Authorities backing, this implies there’s just about no danger of capital loss. The bonds take their rates of interest from the common yields of Singapore…