Singapore Savings Bonds Issue March 2021
The latest Singapore Savings Bonds yields 0.28% for 1 year and 1.94% for the 10th year, giving us a 10 year average yield of 0.97%. The interest rates are paid every 6 months.
Short term interest rates remains flat but long term interest rates has begun to pick up. I would think the upcoming issues might be worth waiting for.
While waiting, Cash Management solutions like Endowus Cash Smart (Core: 0.8-1.0%, Enhanced: 1.4% to 1.6%) be a better idea for those looking to optimise. Withdrawals are in 3-5 business days unlike the Singapore Savings Bonds.
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.
Related Posts:
- Singapore Savings Bonds Historical Range Chart
- February 2021 Issue: 1 Year 0.32% 10 Year 1.63%
- January 2021 Issue: 1 Year 0.27% 10 Year 1.64%
- December 2020 Issue: 1 Year 0.24% 10 Year 1.63%
- November 2020 Issue: 1 Year 0.23% 10 Year 1.79%
- October 2020 Issue: 1 Year 0.26% 10 Year 1.66%
- September 2020 Issue: 1 Year 0.24% 10 Year 1.56%
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