The effective interest rate for January 2022 Singapore Savings Bonds (SBJan22 GX22010S) is 1.78% 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 (SBJAN22 GX22010S) after 1 year, the effective interest rate is 0.45%.
As you can see from the chart above, the interest rate is recovering. 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 low risk and 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....
