Small savers flock to Singapore Savings Bond

Singapore

THE Singapore Savings Bond (SSB) programme has exceeded S$1 billion in outstanding amount, with more than 37,000 investors, the Monetary Authority of Singapore announced on Wednesday.

The programme has appealed to small savers, with 55 per cent of all applications comprising investments of S$10,000 and below. In terms of age profile, the majority are older applicants, with 44 per cent of them aged 48 and above.