The effective interest rate for
October 2023 Singapore Savings Bonds (SBOCT23 GX23100T) is 3.16% if you held it for 10 years. This is a significant increase of 0.10% as compared to
SBSEP23 GX23090F effective interest rate of 3.06%. If you notice from the chart above, the interest rate is slowly creeping up since July. 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 of Singapore Savings Bond after 1 year, the effective interest rate is 3.05%. There is no lock in period and thus you can sell it anytime.
| Year from issue date | Interest % | Average return per year %* |
| 1 | 3.05 | 3.05 |
| 2 | 3.05 | 3.05 |
| 3 | 3.05 | 3.05 |
| 4 | 3.05 | 3.05 |
| 5 | 3.01 | 3.05 |
| 6 | 3.05 | 3.05 |
| 7 | 3.10 | 3.06 |
| 8 | 3.36 | 3.09 |
| 9 | 3.48 | 3.13 |
| 10 | 3.48 | 3.16 |
*At the end of each...
