January 2020 Singapore Savings Bonds is 1.76%

The effective interest rate for January 2020 Singapore Savings Bonds (GX20010T) is 1.76% if you held it for 10 years. This is an improvement as compared to 1.71% for December 2019 issue of the Singapore Savings Bonds. The minimum amount you can purchase for Singapore Savings Bonds is S$500. If you decide to hold and sell it for 1 year, the effective interest rate is 1.52% which is worst than what fixed deposits can offer.

If you have 10K or more and can afford to lock down the money for 1 year or more, you can consider fixed deposits as compared to Singapore Savings Bonds for that higher interest rate.

If you have monies sitting in your Supplementary Retirement Scheme account, why not consider placing SRS monies with Singapore Savings Bonds for a higher interest? (Read more: Purchase Singapore Savings Bonds with SRS in 2019)

DBS Multiplier Account + Singapore Savings Bonds

If you hold a DBS Multiplier Account, you can perhaps try the hack I previously wrote about to achieve a higher interest rate payout. (Read more: Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds).

Tracking Singapore Savings Bonds via Stocks Café

My favorite website, Stocks Café has introduced a new feature to allow 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 favorite feature of Stocks Café is the automated tracking of dividends payout.

I have renewed my subscription with Stocks Café and this is the second 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)

December 2019 Singapore Savings Bonds is 1.71%

The effective interest rate for December 2019 Singapore Savings Bonds (GX19120T) fell to a new low which is 1.71% if you held it for 10 years. The interest rate is the lowest and the worst since launch. The minimum amount you can purchase for Singapore Savings Bonds is S$500. If you decide to hold and sell it for 1 year, the effective interest rate is 1.56%.

If you have monies sitting in your Supplementary Retirement Scheme account, why not consider placing SRS monies with Singapore Savings Bonds for a higher interest? (Read more: Purchase Singapore Savings Bonds with SRS in 2019)

If you have 10K or more and can afford to lock down the money for 1 year or more, you can consider fixed deposits as compared to Singapore Savings Bonds for that higher interest rate.

DBS Multiplier Account + Singapore Savings Bonds

If you hold a DBS Multiplier Account, you can perhaps try the hack I previously wrote about to achieve a higher interest rate payout. (Read more: Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds).

Tracking Singapore Savings Bonds via Stocks Café

My favorite website, Stocks Café has introduced a new feature to allow 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 favorite feature of Stocks Café is the automated tracking of dividends payout.

I have renewed my subscription with Stocks Café and this is the second 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)

57 Years Old and Currently Still in The Rat Race

One of my readers asked me for advice on the below scenario that he is facing.


Chance upon your blog since you had one of the REITs that long disposed of but yet I’m still keeping till date (i.e. SoilBuild Business Space REITs). Really enjoy reading your blog and analysis.


I’m 57 years old and currently still in the rat race, having a job that isn’t passionate about and feeling the anxiety and pressure despite already pass the benchmark 55th. I’m not good in investing but saving prudently and working hard, having a bit of equities in CASH, CPF, SRS. Yet the worst performance are those parked in SRS, guess it’s more than 50% lost. The psychologically not willing to let go, couple with the emotional fear of further losing, had since been holding me back from reshuffle the portfolio.


Appreciate any advice you can share.

The first problem that he is encountering is that the REIT that he is holding on is actually on a downtrend which is Soilbuild Business REIT which I have sold long ago. Believe me, it was a hard decision to make when I sold off Soilbuild Business REIT at a loss of 11% and I can understand the feeling of holding a REIT whereby you do not know how much further the value will drop. Like I have mentioned in my previous post, Soilbuild Business REIT is in a risky business whereby 11% of its tenants are in the Marine Oil and Gas Business. This puts SoilBuild Business Space REIT in a high risky position should more tenants default their rent.

My advice is to sell off Soilbuild Business REIT and reinvest the monies into something more stable such as healthcare REITs or retail REITs. Avoid industrial and office REITs as these industries tend to be cyclical. There are plenty other REITs out there such as SPH REIT, CapitaMall Trust and Mapletree Commercial Trust whereby there is still further room for growth.

The second problem is what to do with extra Cash, CPF and SRS? Given his age of 57, I would not put my cash into fixed deposits as this will lock down the monies. I will place the extra cash and SRS into Singapore Savings Bond as there is no lock down period which means you can redeem Singapore Savings Bond any time you want without any penalty. I know the interest rate for SRS is petite and if you didn’t know yet, you can invest in Singapore Savings Bond using SRS which should give you an interest rate of 1.62% for a period of 1 year.

Singapore Savings Bond is an extremely safe investment and I hope the above advice helps!