Dear readers, the application for March 2020 Singapore Savings Bonds is now open. The annual return for the first three years of holding the March 2020 Bonds is 1.43% and this increases to an average of 1.71% for the maximum 10-years of holding. The March 2020 bonds’ annualized return is lower than the January 2020 and February 2020 Savings Bonds by around 0.1% for the first three years and about 0.05% for the 10-years holding.
Gone are the tranches of Singapore Savings Bonds where the annualized returns for the 10-years holdings is 2.1% (though I have subscribed to these). The current tranche of March 2020 Savings Bonds is not attractive since some fixed deposits have much better interests. But in times of stocks markets volatilities, I think some retail investors would still be drawn to having their monies grow in a relatively safe way.
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