Dear readers, the Jun 24 Singapore Savings Bonds (SBJUN24 GX24060A) opened for application yesterday and it was Great news for savers!
The annual average 10-year yield of the Jun 24 Singapore Savings Bonds has increased by 8.8% from 3.06% per annum in May 24 Singapore Savings Bonds to 3.33% per annum! This makes Jun 24 Singapore Savings Bonds the best in terms of returns for all the Singapore Savings Bonds this year! The 3.33% per annum that the Jun 24 Singapore Savings Bonds commands is near to that of the Nov 23 Singapore Savings Bonds as shown below.
Nov-23: 3.32% per annum
Dec-23: 3.40% per annum
Jan-24: 3.07% per annum
Feb 24: 2.81% per annum
Mar 24: 2.88% per annum
Apr 24: 3.04% per annum
May 24: 3.06% per annum
Jun 24: 3.33% per annum
In terms of actual returns, savers will reap more than 3% per annum interest starting from Year 1 of holding the bond. The year-to-year interest of the Jun 24 Singapore Savings Bonds are 3.26% per annum (Year 1 to 6), 3.33%, 3.46%, 3.54%, 3.54% per annum respectively for Year 7 to Year 10 of the holding of the bond.
Securing 3.33% per annum for a holding of 10 years is a very reasonable choice and it is definitely better in terms of interest rate than all the other fixed deposit promotions in town!
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