Singapore Savings Bond Rates : May 2023

 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.

The closing date for subscriptions will be on 26 May 2023. You can get more details here.

If you are comparing rates, check out this month's Best Fixed Deposit Rates here.

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