December 2018 Singapore Savings Bonds is 2.57%

December 2018 Singapore Savings Bonds is 2.57%

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.

Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds

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
SBSEP18 GX18090TYesYes
SBOCT18 GX18100VYesYes
SBNOV18 GX18110ZYesYes
SBDEC18 GX18120XYesYes

 

Singapore Savings BondsEffective Interest Rate
SBOCT15 GX15100F2.63%
SBSEP17 GX17090X2.12%
SBMAY18 GX18050E2.39%
SBJUN18 GX18060H2.43%
SBJUL18 GX18070N2.63%
SBAUG18 GX18080F2.57%
SBSEP18 GX18090T2.44%
SBOCT18 GX18100V2.42%
SBNOV18 GX18110Z2.48%
SBDEC18 GX18120X2.57%

Singapore Savings Bond versus Savings Account versus Fixed Deposits

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.

Singapore Savings Bond versus Savings Account versus Fixed Deposits

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