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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