November 2018 Singapore Savings Bonds is 2.48%

It is the start of a new month again. As usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises. This month, the effective interest rate for November 2018 Singapore Savings Bonds (GX18110Z) if you held it for 10 years is 2.48%.

If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for November 2018 Singapore Savings Bonds, the next payout will be May 2019 and November 2019 respectively. If you own a DBS Multiplier Account, you can also apply the hack to earn a higher monthly interest from your DBS Multiplier Account. Read my previous post here on how to earn higher interest with your DBS Multiplier Account. Read More

October 2018 Singapore Savings Bonds Is 2.42%

It seems that the effective interest rate for Singapore Savings Bonds is declining. This month, the effective interest rate for October 2018 Singapore Savings Bonds if you held it for 10 years is 2.42% which is 0.02% lower than the previous month.

As usual, I will be applying for October 2018 Singapore Savings Bonds (GX18100V). It seems that it has became a routine for me to stash some cash away as a form of emergency fund when the need arises.

If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for October 2018 Singapore Savings Bonds, the next payout will be April 2019 and October 2019 respectively. If you own a DBS Multiplier Account, you can also apply the hack to earn a higher monthly interest from your DBS Multiplier Account. Read my previous post here on how to earn higher interest with your DBS Multiplier Account. (Read more: Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds) Read More

September 2018 Singapore Savings Bonds is 2.44%

The effective interest rate for September 2018 Singapore Savings Bonds if you held it for 10 years is 2.44%.

As usual, I will be applying for September 2018 Singapore Savings Bonds (GX18090T). Reading about the increasing retrenchment rate in Singapore as compared to last quarters reminded me to continue building my emergency fund. The best place is to build an emergency fund and collect interest is the Singapore Savings Bonds as one of the benefit is there is no lock in period for the bond.

If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for September 2018 Singapore Savings Bonds, the next payout will be March 2019 and September 2019 respectively. If you own a DBS Multiplier Account, you can also apply the hack to earn a higher monthly interest from your DBS Multiplier Account. Read my previous post here on how to earn higher interest with your DBS Multiplier Account. (Read more: Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds) Read More