The effective interest rate for May 2021 Singapore Savings Bonds (SBMAY21 GX21050V) is 1.56% if you held it for 10 years. As you can see from the chart above, this is almost like a dead cat pounce as the interest rates for Singapore Savings Bonds jumps from previous month of 1.15% to current month 1.56%. The minimum amount you can purchase is S$500. If you decide to hold and sell the current issue (SBMAY21 GX21050V) after 1 year, the effective interest rate is 0.37%. I wouldn’t put my money into the Singapore Savings Bonds as the interest rate is simply too low. What are the alternatives? You can check my previous post on What can you invest with 500 Dollars? Singapore Savings Bonds Alternatives You can consider Dash EasyEarn or Dash PET which offers you a return of 2.0% and 1.5% respectively. Is Singapore Savings Bonds still Useful?...