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Singapore Savings Bond's July issue opens at 0.3% for the first year

The first interest payment is slated to be on 1 January 2021.

The Monetary Authority of Singapore’s July issue of the Singapore Savings Bond opened with an interest rate of 0.3% and an annual average return 0.8%, according to MAS’ website.

The tenor of the bonds is approximately 10 years, maturing on 1 July 2030. It offers a total of $150m, with the minimum investment amount of $500 and in multiples of $500. The total amount of savings bonds that can be held at any one time cannot exceed $200,000.

The first interest payment is slated to be on 1 January 2021, whilst the subsequent payments come every six months on 1 July and 1 January.

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