The effective interest rate for Singapore Savings Bonds is at 12 months high at 2.57%. The last month where such high interest rate was offered was in August 2018 as you can see from the graph above.

As usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises. This month, the effective interest rate for December 2018 Singapore Savings Bonds (GX18120X) if you held it for 10 years is 2.57%.

If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for December 2018 Singapore Savings Bonds, the next payout will be June 2019 and December 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. I have …