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- - Singapore Savings Bonds Issue July 2023 1 Year 2.76% 10 Year 3.02%
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Singapore Savings Bonds Issue July 2023


The latest Singapore Savings Bonds yields 2.76% for 1 year and 3.02% for the 10th year, giving us a 10 year average yield of 2.82%. The interest rates are paid every 6 months.

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Alternatively, Cash Management solutions like Endowus Cash Smart (Secure: 3.6-3.9%, Enhanced: 4.1% to 4.4%) 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.

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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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Azrael is the author behind Azrael's Financial Cents, a personal diary of his journey towards Financial Freedom. Hopefully, while sharing his experience, he can help his readers and better himself too.

He is also the author of a "Maximising Returns on Your CPF", where it is a simple-to-read guidebook on CPF. It is published on Kobo, Google Books and Kindle.

His favorite CPF investment platform is Endowus, a Roboadvisor that allows him to build a diversified portfolio with global exposure, is low cost and allows him to set up automated goal based investments.

His favorite insurance platform is MoneyOwl, a bionic advisory social enterprise allows him to get comprehensive insurance coverage.

His favourite reading platform is Kobo, an online bookstore with eInk Readers and Apps with more deals and discounts than Amazon Kindle.

His favorite cashback platforms are Shopback and Rakuten.

His favorite e-wallet is Google Pay, a convenient way to make payments with only your Smartphone without having to take out your wallet.

His favorite remittance platform is Transferwise, an MAS regulated online money transfer service with one of the best exchange rates.

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