Singapore Savings Bonds

Current rates are far from competitive, for those hoping to retrieve returns worth their while

In comparison, the previous issuance for June saw a total of S$302.9 million in applications, versus S$500 million on offer

The June tranche receives a total of S$302.9 million in applications for the S$500 million on offer

The latest tranche offers a first-year interest rate of 2.49%, declining from 2.73% in April’s issuance

The latest tranche offers a first-year interest rate of 2.76%, slightly higher than the 2.73% in the January issuance

The February issuance has S$500 million on offer and closes on Jan 24

There is no shortage of higher-yielding options if investors are prepared to recalibrate their risk and liquidity requirements

The December tranche gives a 10-year average return of 2.81% and attracts S$164.8 million in applications for the S$600 million on offer

More than 60% of the S$450 billion increase will be primarily issued for CPF’s investment needs