The effective interest rate for March 2017 Singapore Savings Bonds is 2.38%.
It seems that it is now easier to buy Singapore Savings Bonds. When I logged in to OCBC Personal Internet Banking, I noticed a new menu option called Singapore Government Securities in the menu.
Upon launching the page, I realized that it is now easier to buy government securities such as Singapore Savings Bonds, Singapore Government Securities (SGS) Bonds and Treasury Bills.
Log in to your OCBC Personal Internet Banking page. Under the menu Investments & Insurance, you will find the option “Singapore Government Securities”.
Click on “Buy” under “Singapore Savings Bonds (SSB)”.
Enter how much you want to invest and the account to deduct from.