Dear readers, the December 2019 Singapore Savings Bonds (GX19120T) is now open for application. The interest for the first year of December 2019 Singapore Savings Bonds (GX19120T) is 1.56% while the average annual interest for the maximum 10-years of holding period works out to be 1.71%.
The above returns are lower than the November 2019 Singapore Savings Bonds which offers a 1.62% first-year interest and a 1.74% average 10-year average interest. In fact, the interest of the Singapore Savings Bonds has been decreasing since the Jan 2019 Singapore Savings Bonds. Specifically, the first-year interest and average ten-year interest of the Jan 2019 Singapore Savings Bonds was 2.01% and 2.45% respectively. And the two highest 10-year average interest ever offered for the Singapore Savings Bonds was for the July 2018 tranche where the interest was 2.63% and for the November 2015 tranche where the interest was 2.78%. Seen in the light of the aforementioned two tranches, the December 2019 Singapore Savings tranche, which offers one of the lowest interest is not attractive. You can view the details of the comparison of the different Singapore Savings Bonds tranches
However, in view of today’s more volatile macro backdrop, the December 2019 Singapore Savings Bonds still offers a decent rate of return to grow one’s monies for a 10-year time horizon. My recommendation is that for investors waiting to buy good stocks at good prices at none other than a possible markets corrections in the future, the December 2019 Singapore Savings Bonds is one way to stash away your “war chest”, earning some interests along the way and put to very good use when the call to invest during stocks markets corrections arrives!
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