The effective interest rate for April 2020 Singapore Savings Bonds (GX20040X) is 1.63% if you held it for 10 years. This is the lowest interest rate that was offered by Singapore Savings Bonds since inception. 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 1.46% which is worst than what fixed deposits can offer. I shall share with you in my upcoming post which fixed deposit promotion that I found that offers better interest rate than Singapore Savings Bonds. But of course most fixed deposit requires a minimum sum of at least 10K. If you are unable to fork out 10K at the moment, Singapore Savings Bonds is still a good place to dump your money to earn interests.
On 1st January 2020, DBS Bank has notified that the dividends
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