Singapore Savings Bond October 2022 Oversubscribed: $42,500 Max Per Person

Of the $900 million offered by October 2022’s issue of Singapore Savings Bond, approximately $1.08 billion was subscribed. The degree of oversubscription has come down quite a bit, and the ceiling amount for this month is $42,500.

Maximum of $42,500 allocated per individual 

If you subscribed to $42,000 or less, you will get the amount you subscribed for. 

Applications above this figure will get $42,000, and approximately 72.31% of such individuals would be allotted $42,500.

The rest of your funds will be refunded to you.

Next month is going to be huge for SSB

This month’s SSB is a lot less popular than its predecessors, but it probably isn’t surprising since it is lower in yield than those which came before it. Also, next month’s SSB will likely be huge looking at SGS yields and the fact that rates are on the climb yet again.

The smaller interest in this month’s SSB is likelier a temporary breather as people wait for future SSBs with higher yields. Those who have larger sums to set aside in SSBs but were previously unable to place their funds due to the low ceiling amounts might be happy to find the ceiling amount relatively high this month.

Unless next month’s tranche is significantly larger, the ceiling amount would probably revert to sub $10,000 levels again. 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).

Leave a Reply