Singapore Savings Bond November 2022 – Highest Ever Average Returns of 3.08% to 3.21% P.a.
Singapore Savings Bond November 2022 is out and it’s the largest we have seen to date: 3.08% p.a. for a 1-year tenure, and 3.21% p.a. for the whole ten years. This is an all-time high, beating the returns of August 2022‘s 3% p.a. returns.
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 3.08 | 3.15 | 3.18 | 3.19 | 3.21 | 3.23 | 3.25 | 3.26 | 3.28 | 3.30 |
| Average return per year %* | 3.08 | 3.11 | 3.14 | 3.15 | 3.16 | 3.17 | 3.18 | 3.19 | 3.20 | 3.21 |
Past Singapore Savings Bonds compared
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 |
Tranche size remains at $900 million
The tranche size remains $900 million compared to last month’s bond, and is $200 million more than the last time SSB hit an all-time high return in August 2022. August 2022’s SSB was severely oversubscribed and every individual was allocated less than $10,000 of bonds.
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.
This month’s would definitely see similar levels of interest and oversubscription, and in all likelihood have an even lower ceiling amount. In the case of oversubscription, a ceiling amount would be prescribed. August 2022 SSB saw a maximum amount of $9,500 allotted per individual.
Singapore Savings Bonds remain a good place to keep savings, given its relative flexibility and attractive rates in recent months.
Looking at savings yields is one of this site’s key interests, so subscribe to our Telegram if you are keen to receive updates on Singapore Savings Bonds and other alternatives. We also have a vibrant community that discusses such things, so see you in the chat!
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 Date | Closing Date | Allotment | Issuance |
| 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) |
| 3rd October 2022 (6PM) | 26th October 2022 (9PM) | 27th October 2022 (after 3PM) | 1st November 2022 (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).