Dear readers, good news for savers! The return of Singapore Savings bonds has been trending up. May 2022 tranche of Singapore Savings Bond was 2.09% per annum for a holding period of 10 years. It has been really some time since the annual returns of the Singapore Savings Bonds reach back to this respectable level.
From the newspaper reports which I read recently, the return of the upcoming Singapore Savings Bond (i.e. Jun 2022 tranche) may reach more than 2.5% per annum. This is really another good news for Singapore depositors who are interested in Singapore Savings Bonds right now.
Singapore Savings Bonds are good as they are liquid and can be withdrawn if needed before maturity at no penalty, while earning returns that are higher than the bank with no risk.
This explains why Singapore Savings Bonds are popular especially with depositors who are more averse to investing their monies in stocks.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!