Applied for Record High Yield Singapore Savings Bonds (SBDEC22 GX22120S)

  

The December 2022 issue of Singapore Savings Bonds (SSB) has an average yield of 3.47% over 10 years.

This is a record high since the inception of SSB in 2015.

Even though there are other risk-free options such as T-bills and bank fixed deposits which yield higher in the short-term, I prefer the flexibility of SSB and locking down spare cash at decent yield for the long-term. I could redeem SSB anytime in future months, earning partial interest at 3.26% while getting back my capital for deployment to other investments or purchases. 

I decided to apply for only $10k of this Dec 2022 issue as interest rate hikes are on the cards of the Fed and future SSB tranches may potentially yield even higher.

There it goes.

$1b is up for grabs this round. As per past allotment results, I predict only at most around $20k will be allocated per person.

The first payment will be on 1 Jun 2023 and this bond will mature on 1 Dec 2032.

If you are interested in this issue of SSB, do note that the application dateline is on today, 25 Nov 2022, 9pm.

Thanks for reading.

With love & peace,

Qiongster