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)
Receiving Interest From Singapore Savings Bonds Every Month!
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| SBOCT15 GX15100F | Yes | Yes | ||||||||||
| SBSEP17 GX17090X | Yes | Yes | ||||||||||
| SBMAY18 GX18050E | Yes | Yes | ||||||||||
| SBJUN18 GX18060H | Yes | Yes | ||||||||||
| SBJUL18 GX18070N | Yes | Yes | ||||||||||
| SBAUG18 GX18080F | Yes | Yes | ||||||||||
| SBSEP18 GX18090T | Yes | Yes |
If you are wondering how traditional savings account or fixed deposits match against the Singapore Savings Bonds, you can also read about my previous post on the comparison. (Read more: Singapore Savings Bond versus Savings Account versus Fixed Deposits)