Singapore Savings Bond interest rates are out.
The rate for May has fallen below 3%. It now averages 2.81% over 10 years.
This is significantly lower than the 3.07% rates for April.
The rates are as follows.
Meanwhile, Fix Deposits rates have also fallen to an average of 3.5% while T
bills are hovering around 3.7-3.8%. Due to the alternatives available, this
month’s take-up rate for Singapore Savings Bonds may be lower. The amount
offered for subscription is at $700 million.
What are Singapore Savings Bonds?
-
Safe and Flexible bonds for individual investors by Singapore
Govt. - Open to individuals aged 18 and above.
-
Required bank account with one of the three local banks and an
individual CDP account. - Minimum amount at $500. Maximum cap at $200,000
- Use cash or SRS to invest
