Singapore Savings Bond August 2022 – Ten-year Return Hits All-Time High of 3% p.a.

August’s Singapore Savings Bond (SSB) is out, and you can apply from now until 26th July 2022 9PM. 3% p.a. for 10-year average returns is an all-time high for Singapore Savings Bond, and even the 1-year return is a decent 2%.

Year From Issue Date12345678910
Interest %2.002.863.073.093.163.183.183.183.183.29
Average p.a. return %2.002.422.632.742.822.882.922.952.973.00
*At the end of each year, on a compounded basis. SBAUG22 GX22080V Bond Details

Timeline

Opening DateClosing DateAllotmentIssuance
1st business day of month (6PM)4th last business day of the month (9PM)3rd last business day of the month (after 3PM)1st business day of the following month (end of day)
1st July 2022 (6PM)26th July 2022 (9PM)27th July 2022 (after 3PM)1st August 2022 (by end of day)

Oversubscription is likely to continue

Singaporeans are hungry for yield, and the oversubscription of SSB observed in June and July is likely to continue. The ceiling amount was a mere $15,000 in June, with some getting $15,500. July’s tranche of $600 million was almost double that of June, but the ceiling amount was marginally higher at $18,000 (with some getting $18,500).

August 2022’s SSB is increased to $700 million this time, and given the attractive rates the maximum ceiling is likely to be under $20,000 per individual.

This poses a pesky issue for people who wish to place large amounts aside into conservative assets like this. I will be exploring some alternatives to SSB over the next few weeks, so stay tuned to my Telegram group if you want great deals and more content like this.

What is Singapore Savings Bond?

See more information such as how returns work and how to apply/redeem in the write-up I did for May 2022’s SSB.


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