Dear readers, the interest rates of the latest Apr 24 Singapore Savings Bonds and T-bill are out!
And yes, from the post title, its Great News for Savers!
First, let us talk about the Apr 24 Singapore Savings Bonds (SSB) which is now open for application!
The Apr 24 (SBAPR24 GX24040Z) stood out by continuing to defy the expected interest rate decline or rates staying the same.
The average 10-year annual interest rate crossed over 3% per annum since Jan 24 once again to reach 3.04% per annum!
Specifically, the annual interest rates for Apr 24 SSB: Year 1 to Year 6 is 2.95% per annum, followed by higher interest rates from Year 7 on.
The closing date of Apr 24 SSB is 25 Mar 24 and you can refer to the SSB link for more details.
Next, we will talk about the latest 6-month T-bill, BS24104T which has just had its auction date on 29 Feb 24.
The cut-off yield of BS24104T is 3.8% per annum, again a very much welcomed interest date for all savers!
The cut-off yields of the 6-month T-bills has increased for the third consecutive tranches of the T-bill.
Let us make hay while the Sun shines: take advantages of these high interest rates now while they are still available!
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