The effective interest rate for October 2022 Singapore Savings Bonds (SBOCT22 GX22100X)
is 2.75% if you held it for 10 years. The effective interest rate dipped by 0.05% 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 (SBOCT22 GX22100X
) after 1 year, the effective interest rate is 2.60%. 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.
Singapore Savings Bonds versus Singlife and Dash PET