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.
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!
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