Being the highest return offered by Singapore Savings Bond (SSB) ever, November 2022’s issue of SSB has been oversubscribed. Of the $900 million offered, approximately $2.2 billion was subscribed. This resulted in a ceiling amount of $10,500 for this tranche.
Maximum of $10,500 allocated per individual
If you subscribed to $10,000 or less, you will get the amount you subscribed for.
Applications above this figure will get $10,000, and approximately 29.15% of such individuals would be allotted $10,500.
The rest of your funds will be refunded to you.
Rates continue to rise
$10,000 or $10,500 is actually higher than I predicted (I thought it was going to be far less than $10,000), but unfortunately I… forgot to subscribe to this month’s tranche.
For those who did not manage to get their desired amount (or was busy getting into an accident, as I was), next month’s bond should still continue to offer attractive rates, possibly even better ones than this month’s since interest rates continue to be on the upward trend.
There are also alternatives you can look at.
Stay subscribed to the Telegram for more updates on Singapore Savings Bonds.
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 opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).