The effective interest rate for December 2023 Singapore Savings Bonds (SBDEC23 GX23120Z) is 3.40% if you held it for 10 years. As you can see, the interest rate is gradually climbing back up. This month’s effective interest rate is slightly higher by 0.08% as compared to SBNOV23 GX23110V effective interest rate of 3.32%. The effective interest rate of Singapore Savings Bonds is slowly creeping up since July. If you have yet to purchase any Singapore Savings Bonds, there are tonnes of benefits. First, the minimum amount to invest is low. The minimum amount which you can purchase the Singapore Savings Bond is S$500. Second, there is no lock in period and thus you can sell it anytime. If you decide to hold and sell the current issue of Singapore Savings Bond after 1 year, the effective interest rate is 3.30%. In fact, I redeemed all my Singapore Savings Bonds last...