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!

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
SBOCT18 GX18100V Yes Yes
SBNOV18 GX18110Z Yes Yes
SBDEC18 GX18120X Yes Yes

 

Singapore Savings Bonds Effective Interest Rate
SBOCT15 GX15100F 2.63%
SBSEP17 GX17090X 2.12%
SBMAY18 GX18050E 2.39%
SBJUN18 GX18060H 2.43%
SBJUL18 GX18070N 2.63%
SBAUG18 GX18080F 2.57%
SBSEP18 GX18090T 2.44%
SBOCT18 GX18100V 2.42%
SBNOV18 GX18110Z 2.48%
SBDEC18 GX18120X 2.57%

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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