The effective interest rate for December 2020 Singapore Savings Bonds (SBDEC20 GX20120T) is 0.87% if you held it for 10 years. The minimum amount you can purchase is S$500. If you decide to hold and sell the current issue (SBDEC20 GX20120T) 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 China Taiping i-Save Plan 10th Tranche whereby the latest limited tranche offers you a return of 1.96% for 3 years. If locking in your money for 3 years is an issue to you, you can check out GIGANTIC, Dash EasyEarn or Singlife whereby there is no lock in period. All the following...