For a better understanding of step-up interest, head over to Dr Wealth for a comprehensive explanation of SSB's interest system. This means that, the longer you remain invested in the SSB, the higher interest rates and average yearly returns you will enjoy. The SSB has a step-up interest rate system, where the interest rate gets progressively higher for each year of funds staying invested in the bond. It is also flexible, and one can exit the SSB at any time without any penalties. The SSB is a long-term bond offering step-up interest, meaning that the longer one invests in it, the higher the interest income. No capital loss will be incurred and you can always get your investment amounts back. The Singapore Savings Bond (SSB) is a bond fully backed by the Singapore Government.
Learn more about Singapore Savings Bond (SSB), a bond with a steady rise in interest rates with no capital loss! With the increased attention towards personal assets, people are looking to strengthen their portfolios by investing in low-risk bonds.
