The effective interest rate for July 2023 Singapore Savings Bonds (SBJUL23 GX23070H) is 2.82% if you held it for 10 years. This is a slight increase of 0.01% as compared to SBJUN23 GX23060E effective interest rate at 2.81%.
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 (SBJUL23 GX23070H) after 1 year, the effective interest rate is 2.76%. There is no lock in period and thus you can sell it anytime.
| Year from issue date | Interest % | Average return per year %* |
| 1 | 2.76 | 2.76 |
| 2 | 2.76 | 2.76 |
| 3 | 2.76 | 2.76 |
| 4 | 2.76 | 2.76 |
| 5 | 2.76 | 2.76 |
| 6 | 2.76 | 2.76 |
| 7 | 2.76 | 2.76 |
| 8 | 2.95 | 2.78 |
| 9 | 3.02 | 2.81 |
| 10 | 3.02 | 2.82 |
*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 forth year that I continue to use Stocks Café to track my dividends.
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.
Compare Singapore Savings Bonds with UOB Stash Account
Last month, I wrote about the UOB Stash Account Promotion.
Here is a recap of how the UOB Stash Account’s bonus interest will add up.
| Monthly Average Balance | Base interest (p.a.) | Bonus interest (p.a.) | Total interest (p.a.) |
| First S$10,000 | 0.05% | 0.00% | 0.05% |
| Next S$30,000 | 0.05% | 1.95% | 2.00% |
| Next S$30,000 | 0.05% | 2.95% | 3.00% |
| Next S$30,000 | 0.05% | 4.95% | 5.00% |
| Above S$100,000 | 0.05% | 0.00% | 0.05% |
If you have less than $70K to invest, I suggest that you go for SBJUL23 GX23070H because the Singapore Savings Bond gives you 2.82% p.a. which is higher than 2.00% offered by UOB Stash Account. Even if you sell off the Singapore Savings Bonds after 1 year, you still earn the 2.76% interest rate.
However, if you have more than $70K, parking the money in UOB Stash Account make more senses as the total interest is 3.00%. If you have $100K, you earn a total interest of 5.00% with UOB Stash Account.
So, do your maths before investing into Singapore Savings Bonds or UOB Stash Account.