So the details of the 1st tranche of the Singapore Savings Bonds were announced yesterday. Basically, if you hold the bonds for the full duration of 10 years, you would receive a promising 2.63% average annual return. I wrote a post on this product about half a year ago, when the concept was first introduced by SMS Josephine Teo. And in light of Lee Kuan Yew’s passing then, I actually alluded SSBs to being Ah Gong’s present to conservative investors. Coincidentally, the announcement made yesterday coincided with nomination day for the 2015 General Elections in Singapore. I watched both the news on Channel 5 and 8 last night and the part on SSBs followed immediately after the section on GE 2015. I guess the government is really trying to tell Singaporeans that they are doing their best to help us earn a higher interest on our emergency funds. Maybe Chee Hong Tat ......