The effective interest rate for
January 2023 Singapore Savings Bonds (SBJAN23 GX23010Z) is 3.26% if you held it for 10 years. The Fed has announced that they will not be further increasing interest rate for now. Thus, I am also expecting the interest rate for subsequent issues of Singapore Savings Bonds to hover at current levels or trend slightly lower.
If you want to know how to predict the future interest rate of Singapore Savings Bonds, you can read more at
Predict Singapore Savings Bonds Interest Rate.
The minimum amount which you can purchase the Singapore Savings Bond is S$500. If you decide to hold and sell the current issue (
SBJAN23 GX23010Z) after 1 year, the effective interest rate is 2.95%. There is no lock in period and thus you can sell it anytime.
| Year from issue date |
Interest % |
Average return per year %* |
| 1 |
2.95 |
2.95 |
| 2 |
2.95 |
2.95 |
| 3 |
2.95 |
2.95 |
| 4 |
3.25 |
3.02 |
| 5 |
3.36 |
3.09 |
| 6 |
3.36 |
3.13 |
| 7 |
3.36 |
3.16 |
| 8 |
3.47 |
3.19 |
| 9 |
3.57 |
3.23 |
| 10 |
3.63 |
3.26 |
*At the end of each year, on a compounded basis....
