The effective interest rate for June 2019 Singapore Savings Bonds (GX19060S) is 2.13% if you held it for 10 years. The interest rate is the lowest for the past 12 months. Nevertheless, as usual, I shall be allocating a portion of my monthly salary into safe haven as the Singapore Savings Bonds acts as a form of emergency fund when the need arises.
If you didn’t know yet, SRS applications for Savings Bonds open from March and individual limit has doubled to $200,000. I personally felt that the introduction of SRS application for Savings Bonds is an excellent initiative as the SRS currently earns a petite interest rate of 0.05% per annum. In March, I have used partial of my SRS funds to purchase the Singapore Savings Bonds for the higher interest.
DBS Multiplier Account + Singapore Savings BondsIf you hold a DBS Multiplier Account, you can perhaps try the hack
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