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SBSEP23 GX23090F Singapore above 3% again. Bye or Buy?

Posted on by careyourpresent

Savers Heaven

Many of us are savers or simply someone who wish to get the best returns on idling cash. With the raising interest rate, it’s heaven for many people! One can easily get 2-4% with little or no risk.

Although it seems like interest rates hiking will last very long, but it is also likely that the rates will go down one day. Before the arrival of that day, Singapore Savings Bonds is a very good option that let you locked up decent rates for 10 years. Now the yield is above 3% for 10 years after a long while (read: SBAPR23 GX23040S – Singapore Saving Bonds (SSB) above 3% again. Buy or Bye?)

Is this a bye or buy?

SBSEP23 GX23090F

More about this Month Singapore Saving Bonds SBSEP23 GX23090F:

  • Average return over 10 years: 3.06%
  • 1st year to 10th year interest: 3.01 to 3.20%
  • Amount Offered: 600 millions
  • Interest Payment Date: Upcoming payment: 01 Mar 2024. Subsequent payments (until maturity): Every 6 months on 01 Sep and 01 Mar
  • Application Closing Date: 28 Aug 2023, 9pm
  • Allotment Date: 29 Aug 2023, after 3pm

Let’s see the breakdown of the 10 years rate.

1st year is 3.01% whereas the last year is 3.20% with average at 3.06%. Great rates (although lousier than the last issue with more than 3%. (read: SBAPR23 GX23040S – Singapore Saving Bonds (SSB) above 3% again. Buy or Bye?).

S$600.0 million are offered with last day of application on 28 Aug 2023, 9pm. Upcoming payment is on 01 Mar 2024 with subsequent payments (until maturity): Every 6 months on 01 Sep and 01 Mar.

Buy or Bye?

Hence, should we buy or bye?

Let’s us recap the advantages of SSB first:

  • Very safe – backed by Singapore Government
  • Locked down decent rates of around 3% for 10 years.
  • Easy to redeem and can redeem partial
  • Liquidity needs maximum of 1 month where you can get your money back. Hence suitable as emergency fund.
  • Limit of 200k should be good enough for most people.
  • Can build Bond Ladder to get monthly income (which I already did)

Let’s us recap the disadvantages of SSB:

  • Short term rates are lower than banks’ fixed deposits, money market funds such as MoneyOwl,etc of around 3.5% and above.
  • Risk Free 6 month treasury yield is close to 4% which is higher
  • Low returns
  • 1 month liquidity to redeem your funds may be too long for people who need the funds immediately.

Hence the question is should we buy or bye?

Comparatively, this issue is not better than the SBAPR23 issue few months ago but this is getting better. If we look at US treasury yield – 10 years rate is now 4%. Where is recession? Is the recession coming? Your guess is as good as mine.

But there is one very important thing that one should have regardless or recession or not is

WARCHEST!

But warchest has the issue of idling earning very little return, SSB would help to solve this. Personally, I would likely be buying some SSB for this month. I didn’t manage to get the GXS bank at 3.48% and my esaver 4% promotion of #m23a would end at 31 Aug 2023, this means I would have additional idling cash.

Market will be volatile for these few months (Aug, Sep, Oct), chances is I will be able to deploy these money! If not, I get some SSB or liquid bank account (or MMF) with higher interest to wait.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Ugly but Attractive Singapore Saving Bond – SBJUL23 GX23070H and my recent Trades

Posted on by careyourpresent

Singapore Saving Bonds

Many people love the stability of income, monthly cashflow, interests etc, worrying about the volatility of equities etc. Singapore Saving Bond is one of the best options that many people like to opt into. This month rate is out! The interest is no longer pretty but is still attractive. Why do I say so?

SBJUL23 GX23070H

Let’s look at this month bond’s rate.

The rate for first year is 2.76% with 10-year rate at 3.02%. The average 10 years rate is 2.82%. Psychologically, below like to buy SSB with rate above 3%. However, this month and the previous month the rate starts to drop below 3%, hence people think that this is not attractive not pretty anymore. But if one think carefully, 3%-2.82% = 0.18%. Is that difference really that big?

The CAP of SSB is 200k per pax. Let’s say for 200k, 200k*0.18%= 360 per year, $30 per month. It’s not a lot but its decent for some cai png money. However, realistically, during the months where the rate is above 3%, it’s not easy to get all 200k inside. Hence, you won’t be able to get all your 200k to be above 3% within a month of application as you won’t know the allocation rate.

If you refer to the April bonds, actually you can get everything you want, it’s all about hindsight. But who knows before that? When it was 3% that time, but the other options at that time give up to 4%, people rather take other options. Now it’s 2.82%, people rather take other options or this option?

Singapore Saving Bonds – SBAPR23 GX23040S – results out! Almost all get what they want!

Other Options

We should compare with other options available. One can see that the rates are dropping across board. The fixed deposits across the banks are around 3-3.5% for those 6 to 12 months. If you buy Fixed deposit, you will earn more as compared to Singapore Saving Bonds. But who know what will happen after 6 to 12 months? Singapore Saving Bonds, let you lock 10 years rate in advance and save you the hassle to keep sourcing for better rate every 6 or 12 months.

Is this hassle worth $30 per month for 200k worth of bonds? Or would you be better to spend your time better elsewhere? It’s up to individual. For me, I have finish building up my bond ladder where I will get something every month. Likely, I won’t add anymore. You can see screenshot of my bond ladder below.

There are also other options to put your idling cash – refer to Ultimate Guide of where to place your idling funds in Singapore.

Buy or Bye?

Hence, should we buy or bye?

Let’s us recap the advantages of SSB first:

  • Very safe – backed by Singapore Government
  • Locked down decent rates of around 3% for 10 years.
  • Easy to redeem and can redeem partial
  • Liquidity needs maximum of 1 month where you can get your money back. Hence suitable as emergency fund.
  • Limit of 200k should be good enough for most people.
  • Can build Bond Ladder to get monthly income (which I already did)

Let’s us recap the disadvantages of SSB:

  • Short term rates are lower than banks’ fixed deposits, money market funds such as WeBull Fullerton fund etc of around 3.5% and above.
  • Low returns
  • 1 month liquidity to redeem your funds may be too long for people who need the funds immediately.

Interesting SSB this month

Do note that if you want to apply, the deadline is 26 Jun 2023, 9pm, with allocation out on 27 Jun 2023, after 3pm. The amount offered is 600 millions.

In my humble opinion, this month should be interesting month for Singapore Saving Bonds. People think Fed may not increase rate in June and the fact that fixed deposit rate are dropping all across the banks which make fixed income hunter/savers worry if the rates will drop further. Some might want to get the chance to lock their money in care rate drop further in a 10-year flexible bonds where they can withdraw the money within 1 month notice. Hence, there may be some interest this month, but I don’t think will be overwhelming.

As for me, I have already created by Singapore Saving Bonds ladder as my emergency fund. I won’t add further. You can try creating bond ladders too. Getting few hundreds every month risk free is great! Instead, I have also been shopping for equities for the past few weeks. See below:

My SSB Bond Ladder

See: Capturing Opportunities in Market Fluctuations: Noteworthy Recent Trades and

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Moomoo – One Stop Platform for US, SG, HK stocks and a great higher yield alternative to Singapore Saving Bonds using Moomoo Cash Plus!

Posted on by careyourpresent

Are you tired of juggling multiple investment platforms that are complicated to use and charge high fees? Are you looking for an all-in-one investment platform that offers a range of investment options, competitive commission rates, and powerful trading tools? Look no further than Moomoo SG!

Moomoo SG is an innovative investment platform that is fully licensed and regulated by SEC and FINRA to provide a seamless trading experience and integrated information for both novice and experienced investors. With a range of investment options including stocks, ETFs, options, and more, Moomoo SG offers you the flexibility to create a diversified portfolio tailored to your individual investment goals.

Do note that this article is written in collaboration with Moomoo Financial Singapore Pte. Ltd. and may contain affiliate links.

Welcome Promotion

Investing can be an exciting and lucrative way to grow your wealth, but getting started can be intimidating. That’s why many investment platforms offer welcome bonuses to encourage new users to try out their services. And if you’re looking for an investment platform with an exciting welcome bonus, look no further than Moomoo SG.

From until 31 May 2023 11:59 SG Time, new users who register an account with Moomoo SG will receive:

  • S$20 Cash Coupon (S$2 every day for 10 days)
  • 1 Free Coca-Cola (NYSE: KO) Stock
  • S$108 Cash Coupon
  • S$10 Fund Coupon if people deposit S$100

More details can be found in their FAQ which I have reference it below:

How do I get up to S$20 Cash Coupon?

1. Deposit at least S$100 / US$75/ HK$600

2. After the conditions are met, you will need to click “Claim” on the landing page and the daily S$2 cash coupon will be sent to you immediately per day when you hold positions of S$100 (cash, stocks and other assets included) or above for 10 days. The amount will take about 1 – 3 working days to be reflected in your Universal account.

How do I get the Free Coca-cola share (NYSE:KO)?

1. Deposit a cumulative amount of at least S$2,000 / US$ 1,525 / HK$ 12,000 and complete at least 2 buy trades (You can also buy into Moomoo Cash Plus!)

2. After the conditions are met, you will need to click “Claim” on the landing page and a frozen Coca-cola share (NYSE:KO) will be issued to your universal account

3. Maintain daily assets (cash, stocks and other assets included) of S$2,000 / US$ 1,525 / HK$ 12,000 for 30 days before the stock will be unfrozen and credited to your Moomoo SG universal account. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount.

How do I get the S$108 Cash Coupon?

1. Deposit an accumulated amount of S$10,000 / US$ 7,625 / HK$ 60,000 & complete accumulated of at least 7 buy trades (Note: Buying in Moomoo Cash Plus is also considered a buy trade!)

2. After the conditions are met, you will need to click “Claim” on the landing page and a frozen S$108 cash coupon will be issued to your account.

3. Maintain daily assets (cash, stocks and other assets included) of S$10,000 / US$ 7,625 / HK$ 60,000 for 90 days before the S$108 cash coupon will be unfrozen and credited to your account. The amount will take about 1 – 3 working days to be reflected in your Moomoo SG Universal account. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount. 

Let me share with you on four other interesting features in Moomoo SG app!

Do note that Past performance of Fullerton SGD Cash Fund is not indicative of future returns.

1. Moomoo Cash Plus

Nowadays, as the volatility of the current investment environment is rising, an increasing number of investors tend to opt for investments with higher stability and lower risks.

For those who are familiar with personal finance management should know that there are many guaranteed income products in Singapore, including fixed income, Singapore Government Treasury Bills (T-bills), SSB (Singapore savings bonds), etc., the average annualized yield of which are around 2 %~3% with relatively long lock-up period, which is not suitable for storing short-term idle funds.

One of the standout features of Moomoo SG is the Moomoo Cash Plus. This program offers investors the opportunity to earn attractive interest rates on their idle cash balances. With Moomoo Cash Plus, you can earn interest rates of up to 4% on your idle cash balances, allowing you to maximize your investment returns even while you’re not actively trading.

(4% p.a. returns derived from Fullerton SGD Cash Funds as of 6 April 2023. Past performance is not indicative of future returns.)

What is Moomoo Cash Plus?

Cash Plus is an idle money management tool provided by Moomoo. Currently, there are two types of money funds for investors to choose from:

  • Fullerton SGD Cash Fund
  • CSOP USD Money Market Fund

– The Fullerton SGD Cash Fund is currently the largest SGD money market fund, the return rate of which once exceeded 4% even under the environment of interest rate hikes, which is much higher than the average savings rate of banks (0.25%). And most importantly, this fund has never had a monthly negative return since its establishment in 2009, which is quite impressive.

– The CSOP USD Money Market Fund is Singapore’s first T+0 subscription and redemption USD money market fund, which can be flexibly transferred from your investable USD in and out of the fund while waiting for investing opportunities in the stock market. The fund invests primarily in high-quality short-term money market instruments and debt securities that provide liquidity and returns comparable to U.S. dollar deposit rates.

It can be seen that the ordinary annualized interest rate of Moomoo Cash Plus is around 3.7% currently. And we can see the rate is indeed higher than other tools currently on the market!

How to participate?

1. Register and open a moomoo SG account (if you have already registered and opened an account, please ignore this step)

2. Deposit at least SGD 100 to qualify for 3.7% bonus rate and S$10 coupon.

What are the advantages of Moomoo Cash Plus compared to other wealth management products in Singapore?

Enjoy high yield with good liquidity!

– In Singapore, products with higher interest rates than moomoo are often endowed with poorer liquidity.

– Products with slightly better liquidity often generate relatively low yield

The other advantages of moomoo Cash Plus include:

1. 7-day annualized return is as high as 4%. This return rate is higher than most bank savings returns;

2. Stable income – Fullerton SGD Monetary Fund has never had a monthly negative income since its establishment in 2009 (data as of October, 2022)

3. Buying power is shared with the stock account – the assets in Cash Plus will also be calculated into stock buying power at the same time;

4. No lock-up period, enjoy subscription and redemption within the day;

5. Earn interest from your spare money, your spare money can gain generate returns every day even on the weekends;

6. Zero fee for subscription and redemption –  Moomoo does not charge fund subscription and redemption fees, and no additional handling fee is required;

Subscribe S$100 into Moomoo Cash Plus now, and you will receive up to S$30 worth of rewards, S$10 fund coupon and S$20 cash coupon (S$2 for 10 days)!

2. Financial report calendar

People could find the financial reports on Moomoo and subscribe on their Calendar to read it as soon as it releases.

Additionally, people also gain insights from professional media’s and investor’s comment. See the photos below for this exciting feature.

3. AI-Powered Feature

But that’s not all!

Moomoo SG app also comes equipped with an AI-powered feature that helps you make smarter investment decisions. The AI-powered feature uses machine learning algorithms to analyze market trends and patterns, providing you with valuable insights into the market and helping you make informed investment decisions.

Market Monitor also to automatically track and alert you on unusual activities of all stocks across different markets in real-time too. Users get insights into the stock that they are interested in.

4. Free Learning

With Moomoo SG, you can also access Free US stock commission and Level 2 Market data and other real time market data, 7×24 hours live news feeds, and customizable charts and tools to help you stay informed about the latest market trends and developments.

Additionally, Moomoo SG provides a comprehensive education center and free paper trading that is designed to help you learn more about investing and trading.

How to Sign up?

Signing up for Moomoo SG is easy and hassle-free. All you need to do is download the Moomoo SG app, create an account, and start trading.

Step 1: Download the Moomoo SG app using this link on your phone and then log in

Step 2: Set up and open the trading account using MyInfo

Step 3: Wait for the account to be setup. An email will be sent to you.

Step 4: Deposit and trade with moomoo to get the welcome Gifts as mentioned above! Copy the information here again for easy reference.

From until 31 May 2023 11:59 SG Time, new users who register an account with moomoo will receive:

  • S$20 Cash Coupon (S$2 everyday for 10 days)
  • 1 Free Coca-Cola (NYSE: KO) Stock
  • S$108 Cash Coupon
  • S$10 Fund Coupon

Don’t miss out on this fantastic opportunity to start your investing journey on the right foot!

With competitive commission rates, a wide range of investment products, powerful trading tools, and a user-friendly interface, Moomoo SG is the perfect investment platform for anyone looking to take their investing game to the next level. So what are you waiting for? Join the investing revolution with Moomoo SG today and start trading like a pro!

All views expressed in this article are independent opinions of the author. Neither moomoo Singapore nor its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.

SBMAY23 GX23050W – the last time for interest rate to be above 3%?

Posted on by careyourpresent

Treasury Bill – BY23101W 1-Year T-bill 

If you look at the recent treasury bill, the cut off yield is 3.58% p.a. One of the lowest so far for this year. The first question came to mind is why so low? In fact, this is one of the rare 1-year bill. Will this time be the time where Fed pivot and interest rates starts to go down? The time that everyone is waiting for?

MAS Bill

SBMAY23 GX23050W

Let’s look at the Singapore Saving bonds – SBMAY23 GX23050W. The rate is 3.03% (year 1) and reaches for the 3.21% (year 10). The average is 3.07%. 

Application deadline is 25 Apr 2023, 9pm with $700.0 million. Next payment will be 01 Nov 2023 with subsequent payment on every 6th Month on 01 May and 01 Nov.

Pros and Cons of SSB

Let’s us recap the advantages of SSB too.

  • Very safe – backed by Singapore Government
  • Locked down decent rates of around 3% for 10 years.
  • Easy to redeem and can redeem partial
  • Liquidity needs maximum of 1 month where you can get your money back. Hence suitable as emergency fund.
  • Limit of 200k should be good enough for most people.
  • Can build Bond Ladder to get monthly income (which I already did)

Let’s us recap the disadvantages of SSB:

  • Short term rates are lower than banks’ fixed deposits, money market funds such as MoneyOwl,etc of around 3.5% and above.
  • Low returns
  • 1 month liquidity to redeem your funds may be too long for people who need the funds immediately.

Let’s compare to Fixed Deposit Rates

One of the very good rates now is CIMB 6-month fixed deposit. The rate for 6 months for S$10,000 and above is 3.45% for personal banking or 3.50% for preferred banking. If you need your funds for the next 6 months, this is one of the better options, but this mean that you fund will be lock for 6 months unless you break it later.

CIMB

Other Options

Of course, for those who are slightly more adventurous and want to keep your funds liquid, you can consider cash funds such that Money Owl Wisesaver or Webull Moneybull. Both are very good options.

https://www.moneyowl.com.sg/wisesaver/
Screenshot from Webull App

Yield going up or down?

If we look at FED rate, the longer rates are going down, but the shorter bills are actually above 5%. The yield curve is still highly inverted. Looking at other factors, very likely that the next month Singapore Saving Bonds will likely be lower.

However, for those who want to lock your interest for the next 10 years above 3%, do consider applying some SSB SBMAY23 GX23050W.

Application deadline is 25 Apr 2023, 9pm with $700.0 million.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

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For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

SBMAY23 GX23050W SSB is out! Above 3% but less than last month. What’s the plan?

Posted on by careyourpresent

The most anticipated Singapore Saving Bonds rate is out for next month. The rate is 3.03% (year 1) and reaches for the 3.21% (year 10). The average is 3.07%. Would you buy or bye this month? Let’s analyse more.

SBMAY23 GX23050W

Compare to Last Month

Let’s compare to last month. As per what I what posted earlier, the rate is indeed lower by a little bit. It’s still great as 3% for longer term emergency funds but not attractive as short term funds because Fixed Deposit, Treasury Bills, Money Market Funds offer close to 4% now.

If we look at the yield, it give 3.15% (above 3% is not bad for longer term of 10 years) which is quite good as compared to the recent 3.65% of treasury bill and the lowering fixed deposit rates. Next month SSB should be slightly lower but yet not much people applied for this round. If people believe in Fed pivot and the interest rate to come down, why not much people apply?

SBAPR23 GX23040S

But the good thing about Singapore Saving Bonds is that you can locked 3%+ rate for 10 years while you can redeem anytime within 1 month without any penalty. See my previous posts on Singapore Saving Bonds.

SBAPR23 GX23040S – Singapore Saving Bonds (SSB) above 3% again. Buy or Bye?

Singapore Saving Bonds – SBAPR23 GX23040S – results out! Almost all get what they want!

Update on my recent Trade under rising interest rate conditions!

Application Details for this month SBMAY23 GX23050W

Application deadline is 25 Apr 2023, 9pm with $700.0 million. Next payment will be 01 Nov 2023 with subsequent payment on every 6th Month on 01 May and 01 Nov.

Given that last month almost everyone get what they want, 69k and the interest rate is slightly lower for this month as compared to last month, most likely the demand will be low too. What you apply in this month, likely you will get everything! If you think interest rate will goes down soon, it is always good to lock in the 10 years rate, you can redeem anytime anyway.

What’s my plan for this month SSB? SBMAY23 GX23050W

Let’s us recap the advantages of SSB first:

  • Very safe – backed by Singapore Government
  • Locked down decent rates of around 3% for 10 years.
  • Easy to redeem and can redeem partial
  • Liquidity needs maximum of 1 month where you can get your money back. Hence suitable as emergency fund.
  • Limit of 200k should be good enough for most people.
  • Can build Bond Ladder to get monthly income (which I already did)

Let’s us recap the disadvantages of SSB:

  • Short term rates are lower than banks’ fixed deposits, money market funds such as MoneyOwl,etc of around 3.5% and above.
  • Low returns
  • 1 month liquidity to redeem your funds may be too long for people who need the funds immediately.

I have applied and got what I wanted last month. SSB is my emergency funds/last resort warchest.

Although I have not yet reach 200k but may not want to apply more since this month rate is slightly lower. However, let’s see how it goes this month. Hopefully I can deploy my warchest from my Fixed Deposit and Money Market Funds. If I manage to use all these funds, then I won’t apply SSB, otherwise I may apply more SSB.

Anyway, let me screenshot my SSB portal. Risk free money, not bad isn’t it? I will get around 300 each per month for the next 10 years risk free!

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂