- Note that the interest rate starts at 2% for the 1st year and rises to 3.29% in the 10th year
- The average is ~3%, which is higher than CPF OA (2.5%) and current FD rates and bank cash deposit rates
This August's SSBs, with codename SBAUG22 GX22080V, are yielding an average of 3% over the next 10 years, yielding higher than July's offering as we have predicted as interest rates have not peaked.
The interest rate each year is as follows: