Singapore Investors Face Losses as Bond Risks Spread

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Ricky L • a second agoRemove

Singapore Saving Bonds is safe as it is guaranteed by the Singapore Government - and also interest rate is higher than most saving in banks.

Can also put into CPF - with high interest rate of about 3 to 5%. Can withdraw $5,000 at 55 years and if have sufficient amount put aside for minimum requirement, can withdraw the rest at 55 years old.

Both above are safe instruments to grow the saving.

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Ricky L • a second agoRemove

Singapore Saving Bonds - 10 year bonds (no lock in - can withdraw principal and interest due - twice per year) use to fetch 2 to 2.85% during the heydays.

Now the interest rate is 1.75% for the new tranche. It has dropped quite alot --- but still higher than saving interest as compared to most banks.