\ The effective interest rate for July 2018 Singapore Savings Bonds if you held it for 10 years is 2.63%. This is the highest interest rate for the past 12 months of Singapore Savings Bonds. In fact, the interest rate is the same as initial issuance of Singapore Savings Bonds in October 2015. As usual, I will be applying for July 2018 Singapore Savings Bonds (GX18070N). If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. If you subscribe for July 2018 Singapore Savings Bonds, the next payout will be January 2019 and July 2019 respectively. I only need to subscribe for August 2018 Singapore Savings Bonds to complete having interest payout every month of the year which will also means I get a stepped up interest for my DBS Multiplier Account every month. If you do not know what I am talking about, read my previous ......