The effective interest rate for
September 2022 Singapore Savings Bonds (SBSEP22 GX22090Z) is 2.8% if you held it for 10 years. The effective interest rate dipped slightly as compared to the previous month. Nevertheless, I still consider the interest rate to be attractive! The minimum amount which you can purchase the Singapore Savings Bond is S$500. If you decide to hold and sell the current issue (
SBSEP22 GX22090Z) after 1 year, the effective interest rate is 2.63%. There is no lock in period and thus you can sell it anytime.
Year from issue date | Interest % | Average return per year %* |
1 | 2.63 | 2.63 |
2 | 2.71 | 2.67 |
3 | 2.71 | 2.68 |
4 | 2.71 | 2.69 |
5 | 2.71 | 2.69 |
6 | 2.79 | 2.71 |
7 | 2.86 | 2.73 |
8 | 2.94 | 2.75 |
9 | 3.00 | 2.78 |
10 | 3.04 | 2.80 |
*At the end of each year, on a compounded basis. Singapore Savings Bonds is a good investment to complement your other savings and investments due to the fact that it is near to zero risks.
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