The effective interest rate for April 2023 Singapore Savings Bonds (SBAPR23 GX23040S) is 3.15% if you hold it for 10 years. The effective interest rate has increased by 0.25% compared to 2.9% last month. If you want to know how to predict the future interest rate of Singapore Savings Bonds, you can read more at Predict Singapore Savings Bonds Interest Rate. The minimum amount which you can purchase the Singapore Savings Bond is S$500. If you decide to hold and sell the current issue (SBAPR23 GX23040S) after 1 year, the effective interest rate is 3.01%. There is no lock in period and thus you can sell it anytime.

Year from issue date	Interest %	Average return per year %*
1	3.01	3.01
2	3.01	3.01
3	3.01	3.01
4	3.01	3.01
5	3.01	3.01
6	3.01	3.01
7	3.18	3.03
8	3.38	3.07
9	3.52	3.12
10	3.53	3.15

*At the end of each year, on a compounded basis. Singapore Savings Bonds is a good investment to complement your other savings and investments due to the…