Singapore Savings Bond December 2022 – Highest Ever Average Returns of 3.26% to 3.47% P.a.

Here comes yet another all-time high for Singapore Savings Bond (SSB): December 2022 SSB gives as much as 3.47% p.a, making it the most attractive SSB to date. Even the 1 and 2-year return stands at 3.26% p.a which is the highest yet.

Year from issue date12345678910
Interest %3.263.263.283.583.583.583.583.583.583.58
Average return per year %*3.263.263.273.343.393.423.443.453.463.47
SBDEC22 GX22120S Bond Details

Past SSBs compared

           
Year From Issue Date12345678910
May 20220.861.491.721.841.911.962.012.042.062.09
Jun 20221.431.922.162.302.372.432.462.492.512.53
Jul 20221.692.162.372.472.542.602.632.662.692.71
Aug 20222.002.422.632.742.822.882.922.952.973.00
Sep 20222.632.672.682.692.692.712.732.752.782.80
Oct 20222.602.602.602.622.642.662.682.702.732.75
Nov 20223.083.113.143.153.163.173.183.193.203.21
Dec 20223.263.263.273.343.393.423.443.453.463.47
Jan 20232.952.952.953.023.093.133.163.193.233.26
Average return per year %

Tranche size biggest in months at $1 billion

December’s SSB has also increased the total tranche amount to $1 billion which is the highest ever for Singapore Savings Bond (update: biggest ever was $1.2 billiion; thanks Jackson!). Last month’s bond saw $900 million offered with a ceiling amount of $10,500. Allotment figure should roughly be about this amount, and we will find out the exact figure at the end of November.

Other products are increasing rates too

This month’s rates may be good, but the latest t-bill has reached over 4% p.a. return, albeit with just a 6-month tenure. Upcoming t-bills are likely to give SSBs a run for their money, and people with shorter time horizons may find those more appealing.

Bank deposits are also catching up. Well, OCBC 360 at least, which is giving between 3.25% to 4.65% p.a. in realistic interest rates. I have a review of the latest OCBC 360 improvement coming really soon, so stay subscribed to the Telegram to be kept updated on great places to place your funds.

Application timeline

Note that applying early does not confer you any priority in the allotment process, so it is more ideal to apply nearer to the closing date.

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 November 2022 (6PM)25th November 2022 (9PM)28th November 2022 (after 3PM)1st December 2022 (by end of day)

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