Saturday, 26 March 2016

SSB Interest Rate Estimates (Apr 16)

For an explanation of the statistics, please click here.
For the statistics of the last month, please click here.

SSB Rates for Mar1.04%1.04%1.78%2.19%
Avg SGS Yield for Feb1.06%1.04%1.82%2.18%
Avg SGS Yield for Mar (Todate)1.03%0.99%1.76%2.13%
Avg SGS Yield for Mar (Estimated)1.02%0.97%1.74%2.10%
Difference (Todate)-0.03%-0.05%-0.06%-0.05%
Difference (Estimated)-0.04%-0.07%-0.08%-0.08%

As the 1-Year SGS yield is higher than the 2-Year SGS yield, the 1-Year SSB interest rate will be set to be the same as the 2-Year SSB interest rate.

To compute a more updated estimate using the actual SGS yields after 24 Mar, you can refer to the SGS website for the daily SGS yields.

Applications for this month's SSB will close on 28 Mar (Mon) at 9pm.

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