On this festive and happy day, I have a good piece of prosperity good news to share with All of You! Yes, Higher Returns on our hard-earned monies, which you could think of as an Ang Bao on this festive day!
With effect from 1 Feb 2019 (yes, just a few days ago), the maximum amount which one could channel to the Singapore Savings Bonds had been raised from $100,000 to $200,000! That means that if you have subscribed to the maximum $100,000 of the Singapore Savings Bonds and you have another $100,000 residing in your bank account and earning not much of an interest; you could deposit that second tranche of your $100,000 into the Singapore Savings Bonds! And earn higher interest rates! The current Mar 2019 tranche of the Singapore Savings Bonds offers a decent 1.95% return for the first year, risk-free with no minimum holding period and hence beat many fixed deposits promotions on the markets easily!
I hope my above sharing will be useful to you! Gong Xi Fa Cai to You! 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.
