The effective interest rate for April 2024 Singapore Savings Bonds (SBAPR24 GX24040Z) is 3.04% if you held it for 10 years. The interest rate had increased by 0.16% as compared to last month interest rate of 2.88% (SBMAR24 GX24030V). 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. When to Choose Singapore Savings Bonds over T-Bills? The effective interest rate for Singapore Savings Bonds may not be as attractive like T-Bills. However, Singapore Savings Bonds is still attractive in some areas. First, the minimum amount to invest is low. The minimum amount which you can purchase the Singapore Savings Bond is low at S$500. This is unlike buying Singapore ...