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
| Year From Issue Date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| May 2023 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.03 | 3.04 | 3.06 | 3.07 |
| 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 |
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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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) |
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