The effective interest rate for September 2021 Singapore Savings Bonds (SBSEP21 GX21090S) is 1.43% 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 (SBSEP21 GX21090S) after 1 year, the effective interest rate is 0.35%. Despite the low interest rate, Singapore Savings Bonds complement your other savings and investments as a safe way to save for the long term. It is basically near to zero risks.

Singapore Savings Bonds Alternatives

For higher returns, you can consider Dash EasyEarn or Dash PET. When Dash EasyEarn was launched, it offered 2.00% p.a. for the first year. Recently, it has announced the reduction of its return from 2.00% p.a. to 1.20% p.a.. This will be effective from 30th July 2021 onwards. Similarly, Dash PET had reduced its rate of return from 1.70% p.a. to 1.3% p.a. for the first S$10,000. Both plans still beat Singapore Savings Bonds 1 year return of 0.35% p.a....