Singapore Savings Bond May 2023 Almost Fully Subscribed: No Ceiling Amount
Following April 2023’s Singapore Saving Bond’s (SSB) oversubscription, May 2023 SSB is almost completely subscribed with S$697.2 million allotted out of the S$700 million tranche. This is a subscription level of 99.6% which means there is no ceiling amount.
Applicants would have gotten whatever amount they applied for except those who applied beyond the individual limit of S$200,000 per person across all SSBs. There was actually S$705.5 million applied for, which means quite a few people applied for amounts beyond the maximum S$200,000 of SSBs a single person can hold.
Past SSBs
For comparison, here are the average returns per year given by recent SSBs:
Past SSBs
| Year From Issue Date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| June 2023 | 2.81 | 2.81 | 2.81 | 2.81 | 2.81 | 2.81 | 2.81 | 2.81 | 2.81 | 2.81 |
| July 2023 | 2.76 | 2.76 | 2.76 | 2.76 | 2.76 | 2.76 | 2.76 | 2.78 | 2.81 | 2.82 |
| August 2023 | 2.97 | 2.97 | 2.97 | 2.97 | 2.97 | 2.97 | 2.97 | 2.98 | 2.98 | 2.99 |
| September 2023 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.02 | 3.04 | 3.06 |
| October 2023 | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 | 3.06 | 3.09 | 3.13 | 3.16 |
| November 2023 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.22 | 3.25 | 3.29 | 3.32 |
| December 2023 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.31 | 3.34 | 3.37 | 3.40 |
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.
June 2023 SSB looks to be weaker
Next month’s SSB looks a tad weaker with rates expected to be quite a bit under the 3% mark April and May 2023 SSBs have given us. Subscribe to the Telegram for more updates on savings deals and products.
While the lower rates next month look unattractive relative to other instruments in the market right now, SSBs remain a tool that provide decent rates for as long as 10 years while maintaining nearly full liquidity.
The drop in rates should in fact be a reminder that rates may not remain as high as it is now, and if you have funds that you want to set aside in a very conservative manner for up to a decade or so, SSBs may be one of your best options.
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).