Singapore Savings Bonds Issue June 2020
The latest Singapore Savings Bonds yields 0.57% for 1 year and 1.78% for the 10th year, giving us a 10 year average yield of 1.05%. 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.
This is a continuation as the Global Central Banks are cutting interest rates in hopes of saving the economy from the viral pandemic.
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 government (very safe).
You can invest it with cash or your Supplementary Retirement Scheme
