Govt to offer Singapore Savings Bonds for local investors

[starlight1968sg]

More details revealed:

http://www.straitstimes.com/news/busine ... s-20150330
Qn: a good buy as an alternative for savings?

[Jennifer]

i briefly read the newspaper article, seems like a good plan for small investors, not too bad return rate plus flexible.

[zbear]

Yeah it sounds good fight for Fixed Deposits.


I wonder what is the govt 's objective to offer this?

[TheAnswer]

Following

[starlight1968sg]

zbear:

Yeah it sounds good fight for Fixed Deposits.

I wonder what is the govt 's objective to offer this?

Offer locals another option on savings?
I think it is more for mid-term tenure (>1 yr).

[jetsetter]

following

[sharonkhoo]

starlight1968sg:

zbear:

Yeah it sounds good fight for Fixed Deposits.

I wonder what is the govt 's objective to offer this?

Offer locals another option on savings?
I think it is more for mid-term tenure (>1 yr).

One of the main benefits is the guarantee of the capital. The other is the smaller amounts required.

[jetsetter]

zbear:

Yeah it sounds good fight for Fixed Deposits.


I wonder what is the govt 's objective to offer this?

Why is the Government introducing Savings Bonds?
\tTo provide individuals with a long-term savings option that offers safe returns.

[jetsetter]

Key features


Principal guaranteed

You will always get your investment amount back in full - no capital losses.

Invest for the long-term

You can invest for up to 10 years and earn interest that “step-up” or increases over time. The longer you hold your bond, the higher your return.

Flexible redemption

You don’t have to decide upfront how long you want to be invested. Get your funds back within a month, with no penalty.



http://www.mas.gov.sg/~/media/resource/news_room/press_releases/2015/Factsheet%20Savings%20Bonds.pdf


Anyway, full details will only be out in 2H2015.