Singapore Savings Bond September 2022 Oversubscribed: $13,500 Max Per Person

September 2022 Singapore Savings Bond allotment results are out: of the record $900 million offered, $1.9 billion was subscribed. The ceiling amount is $13,500.

Maximum of $13,500 allocated per individual

If you subscribed to $13,000 or less, you will get the amount you subscribed for. 

Applications above this figure will get $13,000, and approximately 54.66% of such applications would get $13,500.

The rest of your funds will be refunded to you.


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SSB has become very popular lately, becoming something that is increasingly common knowledge. Also creeping into public consciousness are t-bills and Singapore Government Securities bonds, both cousins of SSB and getting spillover attention owing to the constant oversubscription of SSBs of late. A sign of government bonds becoming mainstream, I was queuing for my laksa earlier and overheard a man asking his colleagues if they have bought t-bills.

Those are replacements for SSB somewhat, if you are okay with the tenures offered. Shorter-term investors may do very well with 6 or 12-month t-bills which have been almost 3% p.a. recently. Other alternatives also exist that you may consider:

Even shorter-term alternatives include Bonus$aver account (around one-month in tenure), while those with a longer horizon may want to look at Traded Endowment Policies. You can find more alternatives in the Savings page.

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