Shares & Derivatives
Singapore Savings Bonds Issue July 2022 1 Year 1.69% 10 Year 3.00%
By Azrael's Financial Cents  •  June 20, 2022
The latest Singapore Savings Bonds yields 1.69% for 1 year and 3.00% for the 10th year, giving us a 10 year average yield of 2.71%. The interest rates are paid every 6 months. The recent issues has become more and more attractive. Alternatively, Cash Management solutions like Endowus Cash Smart (Core: 0.8-0.9%, Enhanced: 1.8% to 2.1%) could be a better idea for those looking to have a balance of liquidity and interest rates (note that Enhanced and Ultra have some minor volatility). Withdrawals are in shorter 3-5 business days unlike the Singapore Savings Bonds.  Application/Withdrawal period is from the 1st Business Day of the Month to the 4th last Business Day of the Month. You will receive the bonds/money on the 1st Business Day of the next month. The fee is $2 for application/withdrawal for any sum in multiples of $500. This bond is a AAA bond backed by Singapore government (very safe). You can invest it with cash or your Supplementary Retirement...
Read the full article
By Azrael's Financial Cents
Azrael is the author behind Azrael's Financial Cents, a personal diary of his journey towards Financial Freedom. Hopefully, while sharing his experience, he can help his readers and better himself too.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance