Allow use of CPF, SRS for Singapore Savings Bonds

The Government should consider allowing Central Provident Fund (CPF) and Supplementary Retirement Scheme (SRS) monies to be used to subscribe to Singapore Savings Bonds (SSB).

The 2.78 per cent yield for the second SSB tranche betters the CPF's 2.5 per cent returns.

There could be a perceived higher opportunity cost when using cash for the SSB.

On the other hand, the tenor of SSBs would be a good match when used with CPF/SRS monies to grow our retirement nest egg.

Woo Boon Cheow