The Savings Bonds will also have a maximum term of 10 years, which will allow individuals to save for the long term and receive higher long-term interest rates.
Bond-holders can also choose to get their money back at any time, with no penalty, ensuring that individual investors do not have to decide upfront how long they wish to invest.
The bonds, which can only be bought by individuals, will be sold in denominations of $500, with a set limit to maximise participation.
MAS said that more information on how to apply for the Savings Bonds will be provided closer to the launch date.
- See more at: http://business.asiaone.com/news/new-singapore-savings-bonds-pay-higher-interest-over-time#sthash.oHV67Ob7.dpuf
No comments:
Post a Comment