Dear readers, the application of September 2022 Singapore Savings Bonds is now open.
I don’t know for you, but what may be surprising is that after a 10-year average annual interest rate of 3% for August 2022 Singapore Savings and increase in such 10-year average annual interest rate in successive tranches of the Singapore Savings Bonds, the September 2022 Singapore Savings Bonds proves to defy the trend of increasing 10-year average annual interest rate, with a 2.8% average annual interest rate over the 10-years holding period.
But overall, 2.8% over 10-years holding period is still pretty decent, especially with the starting base annual interest for Year 1 at 2.63% which then trends up to the 2.8% over ten years.
And then there is no penalty for withdrawal of the savings bonds anytime.
It is a good opportunity to earn some interests with your savings while sitting on the fence, ready to invest in the stock markets when the stock markets correct.