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| Starts | 1 Oct 2020 (Thu) | Ends | 27 Oct 2020 (Tue) |
|---|---|---|---|
| Location | Not Specified |
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Earn up to 0.91% p.a. with a minimum $500 in October 2020‘s Singapore Savings Bond
Investment amount
- Minimum per bond: $500
- Maximum per bond: None
- Maximum individual holding: $200,000
A safe and flexible way to save for the long term. Savings Bonds are a special type of Singapore Government Securities that is suitable for individuals. Your principal investment and interest payments are backed by the full faith and credit of the Singapore Government.
You will always get your principal back when investing in Savings Bonds. Once a Savings Bond is issued, interest rate changes will have no effect on the bond’s value.
They complement other savings and investments as a safe way to save for the long term.
- Safe – Savings Bonds are fully backed by the Singapore Government. In addition, you can always get your investment amount back in full with no capital losses.
- Long-term – Invest for up to ten years, with interest that increases over time. The longer you save, the higher your return.
- Flexible – Or, choose to exit your investment in any given month, with no penalties. There is no need to decide on a specific investment period at the start
Interest Rates
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 0.23 | 0.23 | 0.36 | 0.62 | 0.83 | 0.97 | 1.18 | 1.40 | 1.60 | 1.79 |
| Average return per year %* | 0.23 | 0.23 | 0.27 | 0.36 | 0.45 | 0.54 | 0.63 | 0.72 | 0.81 | 0.91 |
*At the end of each year, on a compounded basis.
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