It seems that the effective interest rate for Singapore Savings Bonds is declining. This month, the effective interest rate for October 2018 Singapore Savings Bonds if you held it for 10 years is 2.42% which is 0.02% lower than the previous month.

As usual, I will be applying for October 2018 Singapore Savings Bonds (GX18100V). It seems that it has became a routine for me to stash some cash away as a form of emergency fund when the need arises.

If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for October 2018 Singapore Savings Bonds, the next payout will be April 2019 and October 2019 respectively. If you own a DBS Multiplier Account, you can also apply the hack to earn a higher monthly interest from your DBS Multiplier Account. Read my previous post here on how to earn higher