Dear readers, the details of Singapore July 2022 Savings Bonds are out.
For Savers, the Jul 2022 Singapore Savings Bonds are indeed good news for over the maximum holding period of 10 years, the average 10-year interest for the Jul 2022 Savings Bond is the highest so far, at 2.71% per annum.
Let us take a look at the year-to-year interest rates as below:
Year 1: 1.69%
Year 2: 2.16%
Year 3: 2.37%
Year 4: 2.47%
Year 5: 2.54%
Year 6: 2.60%
Year 7: 2.63%
Year 8: 2.66%
Year 9: 2.69%
Year 10:2.71%
The annual interest rates are going higher because of the general interest rates going up.
It is good news for savers who are riding on the high interest rates!