SBNOV21 GX21110E is 1.45%

SBNOV21 GX21110E is 1.45%

The effective interest rate for November 2021 Singapore Savings Bonds (SBNOV21 GX21110E) is 1.45% if you held it for 10 years. The minimum amount you can purchase is S$500. If you decide to hold and sell the current issue (SBNOV21 GX21110E) after 1 year, the effective interest rate is 0.34%.

Despite the low interest rate, Singapore Savings Bonds complement your other savings and investments as a safe way to save for the long term. It is basically near to zero risks.

Singapore Savings Bonds Alternatives

For higher returns, you can consider Dash EasyEarn or Dash PET.

When Dash EasyEarn was launched, it offered 2.00% p.a. for the first year. Recently, it has announced the reduction of its return from 2.00% p.a. to 1.20% p.a.. This will be effective from 30th July 2021 onwards.

Similarly, Dash PET had reduced its rate of return from 1.70% p.a. to 1.3% p.a. for the first S$10,000.

Both plans still beat Singapore Savings Bonds 1 year return of 0.34% p.a.

Higher Returns Higher Risk

If you are a risk taker, you can try purchasing Crypto and depositing with Hodlnaut to earn higher interest.

Cryto is definitely not for the faint hearted. If you are looking for safe haven, stick to Singapore Savings Bonds.

Is Singapore Savings Bonds still Useful?

Most of the financial products out there require you to invest using cold hard cash. This is where the Singapore Savings Bonds outshine them. You can purchase the Singapore Savings Bonds using your Supplementary Retirement Scheme (SRS) funds.

The interest rate for Supplementary Retirement Scheme (SRS) fund is only 0.05% per annum. You can top up your SRS account to offset your annual taxes and then use the funds from your SRS account to purchase Singapore Savings Bonds to earn a higher interest rate.

Tracking Singapore Savings Bonds via Stocks Café

My favourite website, Stocks Café has allows adding of Singapore Savings Bonds into your portfolio. If you didn’t know, I signed up as a Friend of Stocks Café as my most favourite feature of Stocks Café is the automated tracking of dividends payout.

This is the third year that I continue to use Stocks Café to track my dividends.

Tracking Singapore Savings Bonds via My Savings Bonds Portal

MAS has launched My Savings Bonds Portal where you can track your Singapore Savings Bonds purchases separately from your stock purchases. I have done up a simple guide here. (Read more: Guide to My Savings Bonds Portal)

Financial Goals Progress September 2021

Financial Goals Progress September 2021

Above is the progress of me reaching my targeted financial goals for September 2021. The total value of my financial assets have increased from 59.57% to 60.36%. The growth is 0.79%.

What does my financial assets comprise of? The total value of my financial assets comprised of the following:

Insurance Savings

Singlife, Dash EasyEarn and Dash PET accounts are alternative to traditional savings accounts as they are potentially safe haven whereby you just deposit money and watch them grow effortlessly.

I have reached the maximum allowed amount of S$20,000 in Dash EasyEarn which is giving me a return of 1.2% per annum.

Dash PET is also giving me 1.70% p.a. for the first S$10,000. The crediting rate for any amount above S$10,000 is 1.20%.

Singlife return is lower at 1% p.a. for the first S$10,000.

Singapore Savings Bonds

There is no Wow factor with Singapore Savings Bonds as I collect my monthly “kopi” money.

In September, I have collected the following interest payout from the Singapore Savings Bonds that I have bought every month over the years.

  • March 2020 (GX20030Z)
  • September 2019 (GX19090H)
  • March 2019 (GX19030Z)
  • September 2018 (GX180890T)
  • September 2017 (GX17090X)

The effective interest rate of this month’s issue of Singapore Savings Bond (SBOCT21) is giving 1.39% per annum. Readers who wanted safe haven or place for emergency funds should consider.

My Stock Portfolio

I use Stocks Café to keep track of the total value worth of my stocks.

In August, Manulife US REIT posted 11.5% drop in H1 Distribution Per Unit (“DPU”) to 2.7 US cents because of lower rental income. This has caused the share price to decline slightly.

Taking advantage of the weakness, I nibbled on Manulife US REIT. As such, my position in Manulife US REIT increased from 3.97% to 4.82%.

Financial Goals Progress September 2021

Auto Investing with Syfe

In May 2021, I started the Core Growth portfolio with Syfe. As of today, Syfe has provided me a time weighted return of 1.42%. The return has declined due to the recent retreat of China stocks.


In September, I have collected dividends from ComfortDelgro, Delfi, Capitaland Integrated Commercial Trust, OUE Commercial REIT, and Manulife US REIT.


In September, the Return On Investment (“ROI”) was 21.78%.

Financial Goals Progress September 2021

Summary of Financial Goals Progress September 2021

This month was a difficult time for many. The number of new COVID positive cases are on the rise and the government have no choice but to tighten measures again.

At the point of writing, the default is work from home again and only 2 is allowed to dine together. The tighten measures continue to add stress on food and beverage businesses. Malls continue to suffer due to the decline of shoppers and some shops decided to wind their businesses for good.

When will this pandemic end?