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 %*|
*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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