The effective interest rate for January 2023 Singapore Savings Bonds (SBJAN23 GX23010Z) is 3.26% if you held it for 10 years. The Fed has announced that they will be slowing the increase of interest rate. Thus, I am also expecting the interest rate for subsequent issues of Singapore Savings Bonds to hover at current levels or trend slightly lower.
If you want to know how to predict the future interest rate of Singapore Savings Bonds, you can read more at Predict Singapore Savings Bonds Interest Rate.
The minimum amount which you can purchase the Singapore Savings Bond is S$500. If you decide to hold and sell the current issue (SBJAN23 GX23010Z) after 1 year, the effective interest rate is 2.95%. There is no lock in period and thus you can sell it anytime.
|Year from issue date||Interest %||Average return per year %*|
*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)
Compare Singapore Savings Bonds Interest Rates
If you have bought previous issues of Singapore Savings Bonds, you can compare them with this month’s issue. Read more here Compare Singapore Savings Bonds Interest Rates.