SBFEB21 GX21020N is 0.89%

Singapore Savings Bonds SBFEB21 GX21020N

The effective interest rate for February 2021 Singapore Savings Bonds (SBFEB21 GX21020N) is 0.89% 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 (SBFEB21 GHX21020N) after 1 year, the effective interest rate is 0.32%.

I wouldn’t put my money into the Singapore Savings Bonds as the interest rate is simply too low. What are the alternatives? You can check my previous post on What can you invest with 500 Dollars?

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 December 2020

Long Term Financial Goal Progress for December 2020

Above is the progress of me reaching my targeted financial goals for December 2020. As you can see from the chart, the total value of my financial assets have grown by a 2.70% from November. I am around 50% from reaching my financial target. Let us hope it stays that way next year.

The stock market rallied in December. With the so called “Santa Claus Rally“, the stock market tends to rally in December heading into the Christmas holidays. The availability and distribution of the COVID-19 vaccine was an added stimulus to the bullish stock market. At this time of writing, Bitcoin also surpasses all-time high at USD 23K.

The total value of my financial assets comprised of the following

  • Insurance savings (NTUC RevoSave, Singlife, Dash EasyEarn)
  • Savings accounts (POSB, OCBC, CIMB)
  • Singapore Savings Bonds
  • Current value of my stocks
  • Forex
  • Supplementary Retirement Scheme

“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.”

One tip to grow your wealth is to be discipline and consistent in controlling what you buy and contribution to the different buckets. The buckets that are safe haven are NTUC RevoSave, Singlife, Dash EasyEarn, SRS that I have built up over the years.

The more risky and volatile buckets are stocks and forex.

Singapore Savings Bonds

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

  • December 2018 (GX18120X)
  • June 2018 (GX18060H)
  • June 2019 (GX19060H)


This month, my savings got a boost from the dividend payout from Frasers Logistics & Industrial Trust. Frasers Logistics and Industrial Trust makes up 12.88% of my stock portfolio.


My forex investment outperformed this month as well, with more than ROI of 10%. I am a newbie into this. Basically just copied whatever my friend trades.

Forex ROI December 2020