The effective interest rate for October 2019 Singapore Savings Bonds (GX19100N) fell to a new low which is 1.75% if you held it for 10 years. The interest rate is the lowest and the worst for the past 12 months. The minimum amount you can purchase for Singapore Savings Bonds is S$500. If you decide to hold and sell it for 1 year, the effective interest rate is 1.64%.

Currently, CIMB Fast Fixed Deposit offers a fixed deposit interest rate of 1.70% p.a. for 3 months period. CIMB Fast Fixed Deposit also offers an interest rate of 1.85% p.a. for a 12 months period. However, there is a minimum placement of S$10,000 required and only for online deposit.

If you hold a DBS Multiplier Account, you can perhaps try the hack I previously wrote about to achieve a higher interest rate payout.