Oh well, this month’s Singapore Savings Bonds may not be the best place to park your Ang Bao monies. The effective interest rate for March 2019 Singapore Savings Bonds (GX19030Z) is 2.18% if you held it for 10 years. As you can see from the chart above, the effective interest rate has dipped further from 2.20% to a pathetic 2.18%. Nevertheless, as usual, I shall be allocating a portion of my monthly salary into safe haven as the Singapore Savings Bonds acts as a form of emergency fund when the need arises.

If you didn’t know yet, open from this month and individual limit has doubled to $200,000. I personally felt that the introduction of SRS application for Savings Bonds is an excellent initiative as the SRS currently earns a petite interest rate of 0.05% per annum.

If you hold a DBS Multiplier Account, you