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Wednesday, 15 November 2017

Nov 2017 Singapore Savings Bonds - GX17120W

Issuance details - GX17120W

Bond ID
GX17120W
Amount available
$150 million
Issue date
1 Dec 2017
Maturity date(1)
1 Dec 2027
Interest payment dates(1)
The 1st interest payment will be made on 1 Jun 2018, 
and subsequently every six months on 1 Dec and 1 Jun 
every year.
Investment amounts
You can invest a minimum of $500, and in multiples of $500 
up to $50,000 for this issue. The total amount of Savings Bonds 
held across all issues cannot be more than $100,000.
Application period
Opens: 6.00pm, 1 Nov 2017 
Closes: 9.00pm, 27 Nov 2017 
Results: After 3.00pm, 28 Nov 2017
Keep track of the important dates with our SSB calendar.
Apply through
DBS/POSB, OCBC and UOB ATMs and Internet Banking, 
OCBC Mobile Application from 7.00am - 9.00pm, Mon - Sat, 
excluding Public Holidays. On 1 Nov 2017, these channels 
will be open from 6.00pm to 9.00pm. CPF and SRS funds are not eligible.

This bond will be reflected as "SBDEC17 GX17120W" in your CDP statement and "CDP-SBDEC17" in your bank statement.

Interest rates

Year from issue date
1
2
3
4
5
6
7
8
9
10
Interest, %
1.26
1.52
1.68
1.82
2.02
2.26
2.50
2.73
2.97
3.19
Average return per year, %*
1.26
1.39
1.48
1.57
1.65
1.75
1.85
1.95
2.06
2.16
* At the end of each year, on a compounded basis
Calculate the interest you will earn based on your desired investment amount using the Interest Calculator.
(1)If this day is not a business day, payment will be made on the next business day.


To get or not to get? 


 - wong chee tat :)