Tag: Singapore Savings Bonds

The effective interest rate for June 2018 Singapore Savings Bonds if you held it for 10 years is 2.43%. This is the highest interest rate for the past 12 months of Singapore Savings Bonds.

There are many ways the Singapore Savings Bonds can be useful. As it yields higher interest rates than most traditional savings account ( Singapore Savings Bond versus Savings Account versus Fixed Deposits ), it can be the best place to park your spare cash or serve as a temporary war chest for your stock investments.

I personally like to allocate a portion of my annual wage bonus and park them in Singapore Savings Bonds. This is in the event I get retrench by my current employer, the Singapore Savings Bonds can act as a lifesaver while I take time to look for a new job. Read More

This is probably something not new as other financial bloggers have blogged about how to maximize the interest rate for your DBS Multiplier account with the Singapore Savings Bonds.

The hack that I am going to share is that if you have a DBS Multiplier account, you get additional interest if you deposit your dividends from stocks to your DBS or POSB account. The payout from Singapore Savings Bonds into your DBS or POSB account qualify as well under the “Investments with DBS/POSB”.

The minimum amount for Singapore Savings Bonds is S$500 with a one time fee of S$2. The effective interest rate for Singapore Savings Bonds for May if you held it for ten years is 2.39% which is pretty attractive to me. (Read more: May 2018 Singapore Savings Bonds is 2.39%)

Below are the Singapore Savings Bonds that I have subscribed for. “Yes” means that the bond will be paying out in that month. Basically, Singapore Savings Bonds pay out every six months. I only have to subscribe to June, July and August Singapore Savings Bonds and I will be getting more interest from my DBS Multiplier account every month. Read More