July's SSBs, with codename SBJUL22 GX22070T, are yielding an average of 2.71% over the next 10 years, the highest they have ever been in the past 3 years. The interest rate each year is as follows:

• Note that the interest rate starts low at 1.69% for the 1st year and rises to 3% in the 10th year
• The average is ~2.71%, which is higher than CPF OA (2.5%) and current FD rates and bank cash deposit rates

The issue details are as follows: Why SSBs Singapore Savings Bonds offer an almost risk-free, liquid alternative to cash with a higher interest rate. They can be redeemed at face value at any time, with roughly about one month's lead time to receive the actual cash in your bank account. Compared to current bank rates which still have not kept up with rising global interest rates, lending money to the Singapore government offers a good alternative to keeping your...