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Singapore Savings Bonds Issue September 2022

The latest Singapore Savings Bonds yields 2.63% for 1 year and 3.04% for the 10th year, giving us a 10 year average yield of 2.80%. The interest rates are paid every 6 months.

It is interesting to note that this is the highest 1 year interest rate since the inception of SSB. Sadly that the long term is kinda lower than last month. Doesn't seem like a bad idea to put it for a year or so.

Alternatively, Cash Management solutions like Endowus Cash Smart (Core: 1.7-2.0%, Enhanced: 2.5% to 2.8%) could be a better idea for those looking to have a balance of liquidity and interest rates (note that Enhanced and Ultra have some minor volatility). 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 in multiples of $500.

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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