What happened?

With all the attention on T-bills, fixed deposit accounts and savings accounts, you might have missed out on the latest interest rates offered by the SSB. Here's the good news - the interest rates on the latest SSB (SBSEP23 GX23090F) have gone up, with the 1-year interest rate at 3.01% p.a., and the average return over 10 years at 3.06% p.a. Let us examine if it might be worthwhile applying for the latest issuance of the SSB.  Source: MAS  

Is it worth applying to the latest Singapore Savings Bonds (SSBs)?

#1 – 1-year and 10-year interest rate higher than previous issuance 

The 1-year interest rate on the latest SSB has risen to 3.01% from 2.97% in the previous issuance (SBJUL23 GX23070H) The average 10-year return has also gone up to 3.06% from 2.99% in the previous issuance (shown in chart below).  Source: MAS  ...