Shares & Derivatives
Singapore Savings Bonds Issue May2020 1 Year 0.96% 10 Year 1.91%
By Azrael's Financial Cents  •  April 7, 2020
Singapore Savings Bonds Issue May 2020 The latest Singapore Savings Bonds yields 0.96% for 1 year and 1.91% for the 10th year, giving us a 10 year average yield of 1.39%. The interest rates are paid every 6 months. The interest rates of the newer issues have been creating new lows as you can see on the chart above. The interest rates have been falling across the board where even the high yield interest bank accounts like OCBC 360, DBS Multiplier and UOB One are affected. This is due to the Federal Reserve in US slashing interest rates. Application/Withdrawal period is from the 1st Business Day of the Month to the 4th last Business Day of the Month. You will receive the bonds/money on the 1st Business Day of the next month. The fee is $2 for application/withdrawal for any sum. This bond is a AAA bond backed by Singapore...
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By Azrael's Financial Cents
Azrael is the author behind Azrael's Financial Cents, a personal diary of his journey towards Financial Freedom. Hopefully, while sharing his experience, he can help his readers and better himself too.
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