Sunday, December 16, 2018

Singapore Savings Bonds opened to Supplementary Retirement Scheme funds; individual limit to double to S$200,000
Read more at https://www.channelnewsasia.com/news/singapore/singapore-savings-bonds-opened-to-supplementary-retirement-11038368
 (Updated: )
Ricky Lim
The S$100,000 individual limit for SSB will be also doubled from S$100,000 to S$200,000. From Feb 1, each investor will be able to apply for up to S$200,000 of SSB, taking into account purchases using cash and SRS funds.
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This is very good news to Singaporeans - a safe guarantee source of investment with low risk and relatively high interest rate - to build their wealth.

Meeting the half way is still very good news.

Well done ! Well done !
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Posted on :- Thursday, 1 March 2018 11:20 AM

REACH
I read from the news that :-
S$50,000 issue limit for Singapore Savings Bonds to be removed from Mar 1
"The removal of the issue limit will simplify the SSB programme, allowing investors to apply for a larger amount of a particular SSB issue," said MAS. The individual limit will remain at S$100,000, the authority added.
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Will MAS consider removing the individual limit of $100,000 and place it as $500,000 or more as the limit of $100,000 is too low.
Rgds
LikeReply1mEdited
Angie Huang
...why you never mention the interest rate for the minimum deposit period...you are as daft as Daffy duck..
LikeReply41m
Ricky Lim
Angie Huang - what talk you?
This SSB is so popular that most of the time is oversubscribed.
You daft or I daft?  不懂装懂。

SBJan19
Issue code: GX19010T
2 Jan 2019
Issue date
1 Jan 2029
Maturity date
2.45%
LikeReply1m

Ricky Lim
Angie Huang - read this before you call others daft - daft.
On average the interest rate is 2.45% to 2.7% --- any bank interest can match?
Also no lock in period - can withdraw capital and interest anytime. Daft.

Singapore Savings Bonds
The savings bonds a retail enterprise and they are offered to the general public. Rather than being classified as a typical government debt instrument, the savings bonds are actually certificates of deposit. They allow members of the public to earn interest on their money over a fixed deposit term.

All bonds are issued for a fixed term of 10 years, but they can be cashed in once a month. The bonds pay interest every six months and have a floating interest rate. The bonds can be traded, but the fact that they can be cashed in at full face value during their lifetime means that buyers will never run the risk of them losing their value before their maturity date.
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Foong Mun Loh
Angie Huang .....don't blame Ricky Lim........he missed out on the 2018 PAPorLumPar of the Year Award......now gunning for 2019......
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Ricky Lim
Foong Mun Loh - You are born loser in this Country - you are hopeless and clueless and your mouth is nothing but spewing nonsense and filth.

You can't even understand the issue at hand - and just spew your comments.
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Foong Mun Loh
the desperation grows.......between our national debt, CPF blackhole and Temasek/GIC losses......the end is coming.....
LikeReply25h
Ricky Lim
I think you don't know what you are talking about.

You cannot even differentiate what is the purpose of Singapore Savings Bonds versus National Debt.

Our National Debt vis a vis our Assets - means our debt is zero.

Don't know don't anyhow comment.

 This SSB is a gift to Singaporeans with savings to invest on - with relatively high interest rate - and very low risk with guaranteed return.

 I suggest you go to consult financial expert - to see if this is something good - or as what you say debt.

You make everyone laugh.

This SSB is a gift to Singaporeans with savings to invest on - with relatively high interest rate - and very low risk with guaranteed return.

I suggest you go to consult financial expert - to see if this is something good - or as what you say debt.

You make everyone laugh. 不懂装懂。
LikeReply1m
Ricky Lim
Read this and see whether you understand this or not :-

At the end of 2017, the IMF measured Singapore’s national debt to GDP ratio as 110.86%. This is the 13th highest in the world when expressed as a percentage of GDP. However, no one seems to be worried about the country’s national debt. This is because, the headline figure reported by the IMF was gross national debt. When economists examined Singapore’s net national debt, they discovered that the country owes nothing at all.

The difference between gross national debt and net national debt is that the first just takes account of what the country has borrowed. The second deducts the cash, shares, debentures, and bonds that the country holds and deducts those values from the gross debt figure. As the Singaporean government’s assets outweigh its debts, the country has a net debt to GDP ratio of 0%.
LikeReply1m 
Ricky Lim
Have try very hard to appeal to MAS to increase the individual limit beyond $100,000 - so that Singaporeans can earn more for their savings and increase their wealth.

100,000 Singaporeans has invested $3.7 billion into SSB and benefited from the high interest rate, low risk, guaranteed investment.

Now MAS finally approve it - and more Singaporeans can benefit - in which we suppose to be grateful to the Government and rejoice as Singaporeans man in the street (low income, middle income and higher income) - can benefit.

But don't know who is this Angie and this Foong 狗咬吕洞宾，不识好人心 - can see why the Government has difficulties connecting with such people.
LikeReply1mEdited
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