The September 2022 issue of Singapore Savings Bonds has an average yield of 2.8% over 10 years, which is higher than what CPF Ordinary Account offers.
Long-term wise, this is lower than the 3% record high for August 2022 tranche but its 2.63% first year yield is still a record high since the inception of SSB in 2015.
I have decided to apply for $11k of this Sep 2022 issue.
There it goes.
$900m is up for grabs this round. As per past allotment results, I predict only at most around $12k will be allocated per person.
The first payment will be on 1 Mar 2023 and this bond will mature on 1 Sep 2032.
If you are interested in this issue of SSB, do note that the application dateline is on this Fri, 26 Aug 2022, 9pm.
Thanks for reading.
With love & peace,
Qiongster
2 comments:
Bro which bank do you use? I never received any SMS after application. Lol.
I use OCBC. You may check your bank transaction as the amount is deducted from your bank balance after application.
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