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Singapore Savings Bonds 10-year average return hits record high of 3.21%

SINGAPORE — The 10-year average return for the November issue of the Singapore Savings Bonds has hit 3.21 per cent, a record high since the instrument was first launched in 2015.

FILE PHOTO: A Singapore dollar note is seen in this illustration photo.

FILE PHOTO: A Singapore dollar note is seen in this illustration photo.

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SINGAPORE — The 10-year average return for the November issue of the Singapore Savings Bonds has hit 3.21 per cent, a record high since the instrument was first launched in 2015.

The first-year interest rate, at 3.08 per cent, is also the highest ever, based on information from the Monetary Authority of Singapore on Monday (Oct 3).

The Singapore Savings Bonds are a type of Singapore Government Securities (SGS), issued and fully backed by the Singapore Government. They were launched in 2015 to provide retail investors with a flexible and risk-free investment option.

New tranches are released at the start of each month, with fixed interest rates that step up for each year they are held and locked in for 10 years. CNA

Interest rates for the November issue of the Singapore Savings Bond

Year from issue date 1 2 3 4 5 6 7 8 9 10
Interest % 3.08 3.15 3.18 3.19 3.21 3.23 3.25 3.26 3.28 3.30
Average return per year %* 3.08 3.11 3.14 3.15 3.16 3.17 3.18 3.19 3.20 3.21

*Calculated at the end of each year on a compounded basis

Source: Monetary Authority of Singapore

For more reports like this, visit cna.asia.

 

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savings bond interest rates Monetary Authority of Singapore

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