Fun fact : Did you know that Singapore Permanent Residents and foreigners are eligible to buy Singapore Savings Bonds as well? I have never thought about this question until I was asked about it, and a quick Google search gave me the answer.
This month, I spent a lot of time outside of Singapore, got Covid in between trips and thankfully, still remembered to apply for SSBs just before the deadline.
The Singapore Savings Bonds SSB interest rate history has been inching upwards ever since the FED embarked on interest rate hikes in an attempt to combat inflation, with the past SSB interest rates going from the lows of January 2022 (First Year 0.45%, 10-Year 1.78%) to the current highs of December 2022 (First Year 3.26%, 10-Year 3.47%).
https://www.turtleinvestor.net/singapore-savings-bonds-historical-interest-rates/
The good (or bad) news, depending on how you see it, is that interest rates will likely continue to rise, albeit at a slower rate, through 2023 with the likely probability around 5.25% to 5.50% at...