The effective interest rate for Singapore Savings Bonds (SSB) July 2024 (SBJUL24 GX24070S) is 3.30% if you held it for 10 years. This was a slight decline by 0.03% as compared to the previous month. In May, SBJUN24 GX24060A was over-subscribed by yield hunters. $1.6 billion worth of applications were received out of the total $1 billion available. If you have read my previous post on retiring early, Singapore Savings Bonds can be a great way to build up monthly passive income. To mitigate against longevity and inflation, we need to build multiple sources of passive income that will last during our retirement years. As we get older, we should consider opting for less risky investments because there is very little leeway for us to earn back the capital if we make any mistakes in our investments. Singapore Savings Bonds is near to zero risks. ...