The effective interest rate for May 2020 Singapore Savings Bonds (GX20050A) is 1.39% if you held it for 10 years. Due to the COVID-19 situation, 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 0.96% which is worst than what fixed deposits can offer. 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.

Last month, NTUC Income has released their single premium savings plan (“NTUC Capital Plus“) with a guaranteed return of 2.13% per annum over 3 years. There is a minimum sum requirement