|Amount available||$300 million|
|Issue date||3 May 2016|
|Maturity date(1)||1 May 2026|
|Interest payment dates(1)||The 1st interest payment will be made on 1 Nov 2016, and subsequently every six months on 1 May and 1 Nov 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 Apr 2016
Closes: 9.00pm, 26 Apr 2016
Results: After 3.00pm, 27 Apr 2016
Keep track of the important dates with our SSB calendar.
|Apply through||DBS/POSB, OCBC and UOB ATMs and DBS/POSB Internet Banking, from 7.00am – 9.00pm, Mon – Sat, excluding Public Holidays. On 1 Apr 2016, these channels will be open from 6.00pm to 9.00pm. CPF and SRS funds are not eligible.|
This bond will be reflected as “SBMAY16 GX16050Z” in your CDP statement and “CDP-SBMAY16” in your bank statement.
|Year from issue date||1||2||3||4||5||6||7||8||9||10|
|Average return per year, %*||0.97||0.97||1.17||1.48||1.68||1.81||1.91||1.98||2.03||2.09|
* 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.
Good to read up Reasons for investing in bonds too.