According to this fresh news report, the number of people purchasing risk-free Singapore Savings Bonds have almost doubled as at 1 March 2016 from the time they were first launched in September 2015. That, sure is good news as more people are receptive to the idea of saving for the long-term.

If you're wondering if you should buy the Singapore Savings Bonds for investment, you've arrived at the right place.

For those who don't already know, the Singapore Savings Bonds are a relatively new type of government bond that Singaporeans can invest their savings in, and they are meant to be a long-term form of investment with safe returns.

To be completely honest, getting your hands on these Singapore Savings Bonds isn't the simplest thing ever as the process is rather complicated. Especially for newbies in investing, it can get a tad daunting.

To make things easier for you to comprehend, we at have come up with an easy-to-follow infographic for those who are keen on getting the Singapore Savings Bonds, but don't know where to begin.

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How Safe Are The Singapore Savings Bonds?

Like the Singapore Government Securities, the Singapore Savings Bonds are safe, principal-guaranteed investments backed by the AAA credit rating.

Put simply, your principal is guaranteed and you will always get 100% of your capital back.

But of course, due to the nature of these safe bonds, you can expect returns to be conservative; enough to preserve wealth amid inflation, but not so much as an income-yielding instrument.

The interest rates of the Singapore Savings Bonds will be linked to the long-term Singapore Government Securities rates. The interest rates will be lower initially, but they will 'step-up' or increase the longer you hold on to the bond.

How Much Money Do You Need?

You don't need a huge capital to start investing in the Singapore Savings Bonds - you can start small with as little as $500, in multiples of $500, up to a maximum of $50,000 per application.

Note that you can only hold $100,000 of the bonds, which have a 10-year term, at any one time though!

If this article was a bit advanced for your liking or you just want to review the basics, check out these 5 things newbie Singaporean investors should know.

And if you're planning to retire in the near future, here are 3 things to consider when planning for retirement in Singapore.