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 $13,500.
The rest of your funds will be refunded to you.
Alternatives
SSB has become very popular lately, becoming something that is increasingly common knowledge. Also creeping into public consciousness are t-bills and Singapore Government Securities bonds, both cousins of SSB and getting spillover attention owing to the constant oversubscription of SSBs of late. A sign of government bonds becoming mainstream, I was queuing for my laksa earlier and overheard a man asking his colleagues if they have bought t-bills.
Those are replacements for SSB somewhat, if you are okay with the tenures offered. Shorter-term investors may do very well with 6 or 12-month t-bills which have been almost 3% p.a. recently. Other alternatives also exist that you may consider:
Even shorter-term alternatives include Bonus$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.
Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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