It is the start of a new month again. 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 November 2018 Singapore Savings Bonds (GX18110Z) if you held it for 10 years is 2.48%.
If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for November 2018 Singapore Savings Bonds, the next payout will be May 2019 and November 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. 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
Receiving Interest From Singapore Savings Bonds Every Month!
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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.