Singapore Savings Bond Effective Returns:
We look at the Singapore Savings Bond effective returns per year today.
The return from investing money in the first issue of Singapore Savings Bonds is shown. This bond will be available for individual application up to 29 Sep 2015. It will be issued effective on 1 October 2015. Maturity date is 1 October 2025.
The effective return per year on a compounded basis will be 2.01%.
At the end of the 10th year, the nominal interest earned will be 3.7%.
The effective return per year on a compounded rate will be 2.63%.
This bond will be reflected as "SBOCT15 GX15100F" in your CDP statement and "CDP-SBOCT15" in your bank statement.
