SBAPR23 GX23040S is 3.15%
By My Sweet Retirement  •  March 1, 2023
The effective interest rate for April 2023 Singapore Savings Bonds (SBAPR23 GX23040S) is 3.15% if you held it for 10 years. The effective interest rate has increased by 0.25% as compared to 2.9% last month. 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 (SBAPR23 GX23040S) after 1 year, the effective interest rate is 3.01%. There is no lock in period and thus you can sell it anytime.
Year from issue date Interest % Average return per year %*
1 3.01 3.01
2 3.01 3.01
3 3.01 3.01
4 3.01 3.01
5 3.01 3.01
6 3.01 3.01
7 3.18 3.03
8 3.38 3.07
9 3.52 3.12
10 3.53 3.15
*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. SBAPR23 GX23040S Versus CIMB March 2023 SGD Fixed Deposit...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.

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