August 2018 Singapore Savings Bonds is 2.57%

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)

Receiving Interest From Singapore Savings Bonds Every Month!

JanFebMarAprMayJunJulAugSepOctNovDec
SBOCT15 GX15100FYesYes
SBSEP17 GX17090XYesYes
SBMAY18 GX18050EYesYes
SBJUN18 GX18060HYesYes
SBJUL18 GX18070NYesYes
SBAUG18 GX18080FYesYes

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)

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