Post Page Advertisement [Top]

Singapore Savings Bonds Issue July 2021

The latest Singapore Savings Bonds yields 0.360% for 1 year and 3.04% for the 10th year, giving us a 10 year average yield of 1.53%. The interest rates are paid every 6 months.

The short and long term yields remain rather flat, with a slight dip from the previous month's interest rates. I was hoping for it to inch slowly back up.

Alternatively, Cash Management solutions like Endowus Cash Smart (Core: 0.8-1.0%, Enhanced: 1.4% to 1.6%) could be a better idea for those looking to optimise. Withdrawals are in shorter 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:

No comments:

Post a Comment

Bottom Ad [Post Page]