The effective interest rate for March 2024 Singapore Savings Bonds (SBMAR24 GX24030V) is 2.88% if you held it for 10 years. The interest rate had recovered slightly by 0.07% as compared to last month low of 2.81% (SBFEB24 GX24020T).
Singapore Savings Bonds are issued and fully backed by the Singapore Government. The bonds take their interest rates from the average yields of Singapore government bonds from the month before. If you would like to know how the effective interest rate for this month’s issue of Singapore Savings Bonds is computed, you can refer to my previous post on Predict Singapore Savings Bonds Interest Rate.