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

August 2018 Singapore Savings Bonds is 2.57%

The effective interest rate for August 2018 Singapore Savings Bonds if you held it for 10 years is 2.57%. I have thought the effective interest rate will trend higher but it didn’t. This month’s interest rate was slightly lower than the previous month.

As usual, I will be applying for August 2018 Singapore Savings Bonds (GX18080F). If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. If you subscribe for August 2018 Singapore Savings Bonds, the next payout will be February 2019 and August 2019 respectively. By subscribing to August 2018 Singapore Savings Bonds, I completed my hack of having interest payout every month of the year which will also means I get a stepped up interest for my DBS Multiplier Account every month. If you do not know what I am talking about, 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

July 2018 Singapore Savings Bonds is 2.63%

The effective interest rate for July 2018 Singapore Savings Bonds if you held it for 10 years is 2.63%. This is the highest interest rate for the past 12 months of Singapore Savings Bonds. In fact, the interest rate is the same as initial issuance of Singapore Savings Bonds in October 2015.

As usual, I will be applying for July 2018 Singapore Savings Bonds (GX18070N). If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. If you subscribe for July 2018 Singapore Savings Bonds, the next payout will be January 2019 and July 2019 respectively. I only need to subscribe for August 2018 Singapore Savings Bonds to complete having interest payout every month of the year which will also means I get a stepped up interest for my DBS Multiplier Account every month. If you do not know what I am talking about, 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