Singapore Savings Bond June 2023 – 2.81% P.A. Flat Throughout

June 2023’s Singapore Savings Bond (SSB) has an almost perfectly flat return of 2.81% p.a. regardless of the tenure you hold it for. Correct me if I’m wrong, but this is perhaps the first time we’ve seen something like this happen.

Year from issue date12345678910
Interest %2.812.812.812.812.812.812.812.822.822.82
Average return per year %*2.812.812.812.812.812.812.812.812.812.81

SBJUN23 GX23060E Bond Details

Past SSBs compared

Past SSBs

Year From Issue Date12345678910
June 20232.812.812.812.812.812.812.812.812.812.81
July 20232.762.762.762.762.762.762.762.782.812.82
August 20232.972.972.972.972.972.972.972.982.982.99
September 20233.013.013.013.013.013.013.013.023.043.06
October 20233.053.053.053.053.053.053.063.093.133.16
November 20233.213.213.213.213.213.213.223.253.293.32
December 20233.303.303.303.303.303.303.313.343.373.40
Average return per year %

See More Past SSBs

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
Feb 20232.842.842.842.842.842.842.862.902.942.97
Mar 20232.762.762.762.762.762.762.782.822.862.90
Apr 20233.013.013.013.013.013.013.033.073.123.15
May 20233.033.033.033.033.033.033.033.043.063.07

Average return per year %

Seth
Seth

Extended until 7th December: sign up for Webull with this link, fund any amount for 30 days and get 10 free shares! That’s US$80 to US$5,000 worth of rewards! Further deposit US$100,000 and get bonus US$3,000!

Subscribe to the Telegram for more great deals and updates. Prefer email or WhatsApp? Tap here.

Undersubscription is likely

With a S$700 million tranche size and how last month’s SSB was not oversubscribed, it is almost certain that this month’s SSB would be undersubscribed. This means that there will be no ceiling amount, and applicants would likely be able to get whatever amount they apply for subject to an overall limit of S$200,000 per individual across all SSBs they own.

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. This is because your funds are deducted from your account at the point of application, and you do not get any interest for such funds.

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)
2nd May 2023 (6PM)26th May 2023 (9PM)29th May 2023 (after 3PM)1st June 2023 (by end of day)

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).

Leave a Reply

%d