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Singapore Savings Bonds Issue April 2022


The latest Singapore Savings Bonds yields 0.71% for 1 year and 2.28% for the 10th year, giving us a 10 year average yield of 1.91%. The interest rates are paid every 6 months.


This is like the first time I have seen the long term yields consistently at a flat rate. In the mid term, the yields looks decently high before tapering down again.

Alternatively, Cash Management solutions like Endowus Cash Smart (Core: 0.7-0.9%, Enhanced: 1.4% to 1.6%, Ultra: 2.0% to 2.2%) could be a better idea for those looking to have a balance of liquidity and interest rates. 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.

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