The effective interest rate for December 2022 Singapore Savings Bonds (SBDEC22 GX22120S) is 3.47% if you held it for 10 years. Again, the interest rate reaches a new record high!
The minimum amount which you can purchase the Singapore Savings Bond is S$500. If you decide to hold and sell the current issue (SBDEC22 GX22120S) after 1 year, the effective interest rate is 3.26%. There is no lock in period and thus you can sell it anytime.
| Year from issue date | Interest % | Average return per year %* |
| 1 | 3.26 | 3.26 |
| 2 | 3.26 | 3.26 |
| 3 | 3.28 | 3.27 |
| 4 | 3.58 | 3.34 |
| 5 | 3.58 | 3.39 |
| 6 | 3.58 | 3.42 |
| 7 | 3.58 | 3.44 |
| 8 | 3.58 | 3.45 |
| 9 | 3.58 | 3.46 |
| 10 | 3.58 | 3.47 |
*At the end of each year, on a compounded basis.
Singapore Savings Bonds is a good investment to complement your other savings and investments due to the fact that it is near to zero risks.
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)