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 %*
1	2.60	2.60
2	2.60	2.60
3	2.60	2.60
4	2.67	2.62
5	2.74	2.64
6	2.74	2.66
7	2.81	2.68
8	2.89	2.70
9	2.95	2.73
10	2.99	2.75

*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

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