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|
|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
|Year From Issue Date||1||2||3||4||5||6||7||8||9||10|
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.
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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.
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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)|
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