The effective interest rate for August 2018 Singapore Savings Bonds if you held it for 10 years is 2.57%. I have thought the effective interest rate will trend higher but it didn’t. This month’s interest rate was slightly lower than the previous month. As usual, I will be applying for August 2018 Singapore Savings Bonds (GX18080F). If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. If you subscribe for August 2018 Singapore Savings Bonds, the next payout will be February 2019 and August 2019 respectively. By subscribing to August 2018 Singapore Savings Bonds, I completed my hack of 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 post here on how to earn higher interest with ......