Dear readers, with the annual 10-year yield of the April 2023 Singapore Savings Bonds increased slightly, I believe interest in Singapore Savings Bonds is renewed.
And not only is the interest in the Singapore Savings Bonds renewed, I believe many subscribers of the Singapore Savings Bonds will now be doing a swap of the previous Singapore Savings Bonds that they had held (with lower yields) with application of new Singapore Savings Bonds with higher yields.
If you are also interested in the above swapping, there is one thing that you will need to know first and foremost and that is none other than the date the capital that is liquidated from the redemption of the Singapore Savings Bonds that are held returned to your bank account. This is because you do not want a situation that you redeem $10,000 of your older Singapore Savings Bonds to pay for a new tranche of the Savings Bonds only to know that the $10,000 from the redeemed Bonds will only come in much later (so that you have to pay for the new Singapore Savings Bonds with $10,000 fresh capital).
And this could be the case for some, as based on a bank’s website, the capital will be credited to the bank account linked to the individual’s CDP Securities account by the second business day of the following month.
So take note, everyone!
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