Singapore Savings Bond September 2022 – Average Returns of 2.63% to 2.80% P.a.

Singapore Savings Bond (SSB) continues to be a hot favourite as interest rates rise, and SSB September 2022 is out with 1-year returns at 2.63% p.a, 2-year returns at 2.67% p.a, and 10-year returns at 2.80% p.a.

The tranche size is a new record of $900 million.

Year from issue date12345678910
Interest %2.632.712.712.712.712.792.862.943.003.04
Average return per year %*2.632.672.682.692.692.712.732.752.782.80

Application timeline

You can use DBS, UOB, or OCBC banking portals to apply, and you will need a Central Depository (CDP) account. The application timeline for September’s Singapore Savings Bond is as follows:

Opening DateClosing DateAllotmentIssuance
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)
1st August 2022 (6PM)26th August 2022 (9PM)29th August 2022 (after 3PM)1st September 2022 (by end of day)
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Seth

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Recent SSBs compared

While not displacing last month’s SSB as the highest 10-year returns ever, September’s short term rates are quite attractive indeed:

Past SSBs

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
June 20232.81 2.81 2.81 2.81 2.81 2.81 2.81 2.81 2.81 2.81
July 20232.76 2.76 2.76 2.76 2.76 2.76 2.76 2.78 2.81 2.82
August 20232.97 2.97 2.97 2.97 2.97 2.97 2.97 2.98 2.98 2.99
September 20233.01 3.01 3.01 3.01 3.01 3.01 3.01 3.02 3.04 3.06
October 20233.05 3.05 3.05 3.05 3.05 3.05 3.06 3.09 3.13 3.16
November 20233.21 3.21 3.21 3.21 3.21 3.21 3.22 3.25 3.29 3.32
December 20233.30 3.30 3.30 3.30 3.30 3.30 3.31 3.34 3.37 3.40
January 20243.00 3.00 3.00 3.00 3.00 3.00 3.00 3.02 3.05 3.07
February 20242.72 2.72 2.72 2.72 2.72 2.72 2.72 2.75 2.78 2.81
March 20242.74 2.74 2.74 2.74 2.74 2.74 2.75 2.79 2.84 2.88
April 20242.95 2.95 2.95 2.95 2.95 2.95 2.96 2.99 3.02 3.04
See More Past SSBs

Year From Issue Date12345678910
May 20220.861.491.721.841.911.962.012.042.062.09
Jun 20221.431.922.162.302.372.432.462.492.512.53
Jul 20221.692.162.372.472.542.602.632.662.692.71
Aug 20222.002.422.632.742.822.882.922.952.973.00
Sep 20222.632.672.682.692.692.712.732.752.782.80
Oct 20222.602.602.602.622.642.662.682.702.732.75
Nov 20223.083.113.143.153.163.173.183.193.203.21
Dec 20223.263.263.273.343.393.423.443.453.463.47
Jan 20232.952.952.953.023.093.133.163.193.233.26
Feb 20232.842.842.842.842.842.842.862.902.942.97
Mar 20232.762.762.762.762.762.762.782.822.862.90
Apr 20233.013.013.013.013.013.013.033.073.123.15
May 20233.033.033.033.033.033.033.033.043.063.07

Average return per year %

(Important) things to take note

There were a couple of people who used DBS’s phone banking app to apply for Singapore Savings Bond, and ended up getting Singapore Government Securities instead. Do note that these are different products (and something I intend to talk about soon), and you need to use the desktop version to apply for SSB.

Thoughts and alternatives

Given the tranche size, interest rates, and overall attractiveness of SSB recently, it is likely that oversubscription would continue. Last month saw a relatively paltry $9,000 ceiling amount, and this is quite low for those who have a substantial amount to set aside.

There are alternatives to consider which include SSB’s fellow SGS bonds and treasury bills – more on this in my upcoming video; subscribe to my Telegram to receive updates. You could also consider some savings deals here. Bonus$aver is giving $250 for setting aside $50,000 funds until the end of the following month, and traded endowment policies are something you could also consider if you intend to be more risk conservative with an amount of money you have.

There is also an upcoming product launching over the next few days that could be suitable for your needs, so watch out for it in the Telegram channel.

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