The effective interest rate for Singapore Savings Bonds is at 12 months high at 2.57%. The last month where such high interest rate was offered was in August 2018 as you can see from the graph above.
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 December 2018 Singapore Savings Bonds (GX18120X) if you held it for 10 years is 2.57%.
If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for December 2018 Singapore Savings Bonds, the next payout will be June 2019 and December 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. I have completed my matrix below and thus I am expecting to earn a higher interest rate from DBS Multiplier Account every month in the year 2019!
Read my previous post here on how to earn higher interest with your DBS Multiplier Account. Read More