SBMAR21 GX21030F is 0.97%

Singapore Savings Bonds SBMAR21 GX21030F

The effective interest rate for March 2021 Singapore Savings Bonds (SBMAR21 GX21030F) is 0.97% 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 (SBMAR21 GX21030F) after 1 year, the effective interest rate is 0.28%.

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?

Singapore Savings Bonds Alternatives

Last month, I have bought NTUC Income Gro Capital Ease guaranteed return of 1.58% per annum over 3 years using my SRS funds. At this point of writing, the current tranche of Gro Capital Ease is fully registered. You have to wait for the next tranche.

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 January 2021

Long Term Financial Goal Progress for January 2021

Above is the progress of me reaching my targeted financial goals for January 2021. As you can see from the chart, the total value of my financial assets have grown by 0.35% from December. I am glad that I managed to maintain above 50% from reaching my financial target.

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

Singapore Savings Bonds

In January, I have collected the following interest payout from the Singapore Savings Bonds I have bought every month over the years. The payout is sufficient for a daily cup of coffee throughout the month.

  • July 2018 (GX18070N)
  • January 2019 (GX19010T)
  • January 2020 (GX20010T)
  • July 2019 (GX19070W)


I only received dividend payout from Singtel this month. I have rejected the script dividend since I dislike receiving odd lots.


Forex ROI January 2021

Forex ROI declined slightly from 11.77% to 11.3%.