As part of my portfolio rebuilding plan, I intend to max out my Singapore Savings Bond (SSB) investment to S$200k. I applied S$20k of SSB in Feb 25 for March25 SSB and the full amount was assigned. Thus, I have S$80k of SSB in my account currently and have achieved 40% of my target.
For my March 25 SSB, the payout will be on March and September for the next 10 years (indicated by the arrows). The payout for all my existing SSB plans is as follow:
Previously, there was no interest earned for the month of Sept and March but there is now. The interest rates for March25 SSB is as follows:
I will apply the April25 SSB next to ensure that there is interest (passive income) earned every month as there is none currently for April, July, Oct and Jan.
The details of the 4 SSBs that I own currently are shown below:
Moving forward, for the next 120k allocation into SSB, I will buy according to this plan:
I will buy 35k of Apr25 SSB (apply in March 25), take a break in May, then buy 20k of Jun25 SSB (apply in May 25), 35k of July25 SSB (apply in June 25), 20k of Aug25 SSB (apply in July 25) and finally 10k of Sept25 SSB (apply in Aug 25).
Depending on the bond interest rates in the coming months which I have estimated to be around 3%, I should have around S$430 to $577 of interest (passive income) in my bank account every month.
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