Singapore Savings Bond July 2022 Oversubscribed: $18,500 Max Per Person
Despite increasing the maximum tranche to $600 million from $350 million the month before, the Singapore Savings Bond (SSB) for July 2022 (GX22070T) is oversubscribed. Of the $600 million, more than $1.3 billion was subscribed.
Maximum of $18,500 allotted per person
If you subscribed to $18,000 or less, you will get the amount you subscribed for.
Applications above this figure will get $18,000, and approximately 16.79% of such applications would get $18,500.
The rest of your funds will be refunded to you.
Excellent deal: get an iPad with CIMB credit cards! Free iPad also available with OCBC 365.
Subscribe to the Telegram for more great deals and updates. Prefer email/WhatsApp? Tap here.
Some thoughts
Rates are still expected to continue rising, so we might see even higher yields in the months to follow. As attractive as the rates are for SSB, there are also issues in deploying relatively larger amounts into it due to the maximum allotment as well as the $200,000 cap per individual.
A relative who recently came into some money shared her frustration that SSB is troublesome to get into due to the recent trend of oversubscription. I intend to share some alternatives soon, so you should subscribe to my Telegram for that, along with other personal finance content and great deals.
Get 3.7% p.a. guaranteed returns with Syfe Cash+ Guaranteed! Plus S$20 sign-up promo if you are a new to Syfe customer.
Subscribe to the Telegram for more great deals and updates. Prefer email or WhatsApp? Tap here.
Keep up to date on the best cashback/mile cards, financial products, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.
Subscribe to the channel, then join the group chat. You would often benefit from the tips shared exclusively in the group chat!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!
Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opnion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).