The effective interest rate for August 2020 Singapore Savings Bonds (SBAUG20 GX20080E) is 0.93% if you held it for 10 years. As you can see from the chart above, the interest rate has been on the decline but recovered slightly this month. The COVID-19 pandemic that started in March 2020 had caused the interest rates to fall dramatically across fixed deposits and savings accounts. The minimum amount you can purchase is S$500. If you decide to hold and sell the current issue (SBAUG20 GX20080E) after 1 year, the effective interest rate is 0.27%. Unhappy with the interest rates offered by Singapore Savings Bonds? There are alternative financial instruments out there that offer higher interest rates. They are short term endowment plans such as NTUC Income Gro Capital Ease, Tiq 3 Year Endowment Plan and China Taiping i-Save Plan which offers an interest rate of 1.85%, 2.10% p.a. and 2.13% p.a. respectively....