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PARLIAMENT

S$970m invested in Singapore Savings Bonds to date: MAS

Govt is "encouraged" by the uptake, but the House is told that public awareness of the scheme could be improved
Friday, November 11, 2016 - 05:50

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Mr Ong, a member of the MAS board, says it is a misperception that investments in savings bonds have to be locked up for 10 years.

Singapore

ABOUT 35,000 people have parked S$970 million in 14 savings bond issues under the Singapore Savings Bonds programme, it was announced in parliament on Thursday.

Education Minister (Higher Education and Skills) Ong Ye Kung, speaking on behalf of Deputy Prime Minister and

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