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SBSEP20 GX20090H is 0.88%
By My Sweet Retirement  •  August 3, 2020
The effective interest rate for September 2020 Singapore Savings Bonds (SBSEP20 GX20090H) is 0.88% if you held it for 10 years. 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 (SBSEP20 GX20090H) after 1 year, the effective interest rate is 0.24%.

Singapore Savings Bonds Alternatives

I wouldn’t put my money into the Singapore Savings Bonds as the interest rate is simply too low. Fortunately, 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. You can read more about them in Best Endowment Plans In July 2020. If the lock in period for Endowment Plans is a concern for you,...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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