Invest
SBJUL23 GX23070H is 2.82%
By My Sweet Retirement  •  June 2, 2023
The effective interest rate for July 2023 Singapore Savings Bonds (SBJUL23 GX23070H) is 2.82% if you held it for 10 years. This is a slight increase of 0.01% as compared to SBJUN23 GX23060E effective interest rate at 2.81%. 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 (SBJUL23 GX23070H) after 1 year, the effective interest rate is 2.76%. There is no lock in period and thus you can sell it anytime.
Year from issue dateInterest %Average return per year %*
12.762.76
22.762.76
32.762.76
42.762.76
52.762.76
62.762.76
72.762.76
82.952.78
93.022.81
103.022.82
*At the end of each year, on a compounded basis. Singapore Savings Bonds is a good investment to complement your other savings and investments...
Read the full article
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.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance