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May 2017 Singapore Savings Bonds is 2.32%

If you have followed my blog post on Singapore Savings Bonds, you will know that I have bought Singapore Savings Bonds in October 2015 where the effective interest rate is 2.63%. Time flies and I have received my third payout in the month of April 2017.

The effective interest rate for May 2017 (GX17050F) Singapore Savings Bonds is 2.32%. Seems there is slight recovery in interest rates. Although the interest rate is not attractive, the money can serve as a contingency fund. My ideal contingency fund is around six times your current salary. In case we get retrenched, the period of 6 months is sufficient for us to find a new job.

Interested to know more about Singapore Savings Bonds? Read more from my past blog posts:

April 2017 Singapore Savings Bonds is 2.27%

OCBC Bank Makes It Easier to Buy Singapore Savings Bonds

Update on Singapore Savings Bonds January 2017

Update on Singapore Savings Bonds August 2016

Update on Singapore Savings Bonds June 2016

Update on Singapore Savings Bonds March 2016

Update on Singapore Savings Bonds December 2015

Diversify your Investments with Singapore Savings Bond

 

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