Singapore Savings Bonds Issue August 2020
The latest Singapore Savings Bonds yields 0.27% for 1 year and 1.76% for the 10th year, giving us a 10 year average yield of 0.93%. The interest rates are paid every 6 months.
Short term interest rates of the newer issues have continued to create new lows as you can see on the chart above.
However, it is to be seen that interest rates of the longer term is picking up. Perhaps some good news after all.
Application/Withdrawal period is from the 1st Business Day of the Month to the 4th last Business Day of the Month.
You will receive the bonds/money on the 1st Business Day of the next month.
The fee is $2 for application/withdrawal for any sum.
This bond is a AAA bond backed by Singapore government (very safe).
You can invest it with cash or your Supplementary Retirement Scheme (SRS) account, with a total of $200,000 maximum invested, starting with a minimum of $500.
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