The effective interest rate for Singapore Savings Bond (SSB) November 2024 (SBNOV24 GX24110N) has fallen to 2.56% if you held it for 10 years. This is anticipated as last month, US Federal Reserve announced a 50 bps rate cut. Based on the graph above, this is the lowest interest rate being offered over the last 12 months. You can read more below to find out the relation between US Federal Reserve rate cuts and Singapore Savings Bond. What are Singapore Savings Bonds? Singapore Savings Bonds are a type of government bond issued by the Monetary Authority of Singapore that offers individuals a safe and flexible way to save money. These bonds have a low minimum investment amount, starting at just $500, and offer a higher interest rate than traditional savings accounts. Investors can purchase Singapore Savings Bonds directly from the government and hold them for up to 10 years, earning regular interest payments along the way. These bonds are considered a low-risk investment option, making...