GROW YOUR MONIES AT 0.94% PER ANNUM WITH NO LOCKDOWN PERIOD

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SINGAPORE SAVINGS BONDS
Dear readers, we are now entering into a period of higher interest rates. With interest rates heading north, I believe investors are looking into higher interest instruments to grow their monies and preferably risk-free or with low levels of risk. This is especially so as the current equities markets are volatile and also, those higher-dividends plays like the telecoms stocks and Reits may become less attractive when interest rates go north.
That is why investors’ interest in the Singapore Savings Bonds remain high. The latest trances of Singapore Savings Bonds offers a return of around 1.7% for the first year of holding and an average of 2.63% per annum for a holding period of ten years. And the risk of the Singapore Savings Bonds is low and there is no lockdown period. Investors’ interest are so high that even if one is to apply for the maximum allotment of $100,000, he would be given only $12,500 or $13,000. Thus it may be several rounds that an investor could have his $100,000 or the maximum subscription into the Singapore Savings Bonds.

Also, the Temasek’s retail bond Astrea IV bonds is equally oversubscribed. Astrea IV bonds offers a dividends yield of around 4.35% and while investor interests in the bond is high, I have stayed out from this bond as I am not too sure what the overall investment is in.

Here, I would like to introduce investors to Singapore’s largest retail SGD Money Market Fund in the Singapore markets: the Phillip SMART Park which offers an interest of 0.94% per annum for SGD deposits. I thought that in terms of risk and liquidity, SMART Park could be second to only the Singapore Savings Bonds, thus it could be another possible investment with liquidity and low risk for investors to consider in the current climate of increasing interest rates. Find out more about Phillip SMART Park here Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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