As the clock finally struck 3:00pm on 29 August 2022, many people including myself excitedly went to check how much of the latest tranche of the Singapore Savings Bonds were allocated.
Was kind of busy in July with our trip to Bali and food poisoning, travel insurance claims etc I had stupidly forgotten to apply for last month’s issue of SSBs, which was why I made sure to take advantage of the current higher interest rate environment by applying for September’s SSBs.
The historical rate chart for SSBs have been looking very juicy lately (higher than CPF Ordinary Account rates) and I’m looking forward to the details for October’s tranche.
For an overview of the allotment results for past and previous tranches, you can check them over here.
For me, I had bookmarked the official link and headed over to Monetary Authority of Singapore website and logged in with my Singpass.
Apart from giving you a helpful overview of your existing Singapore Savings Bonds portfolio, you will see the results after scrolling down to this month’s timeline.
For this latest issue (GX22090Z), note the following –
- Applicants who applied for S$13,000 or lower were fully allotted, subject to the individual allotment limits.
- Applicants who applied for S$13,500 or higher were allotted either S$13,000 or S$13,500.
- Approximately 54.66% of these applicants were selected at random and allotted the additional S$500.
Woot! Apparently, I belong to the 54.66% who got allotted the additional S$500 for a total of S$13,500.
FAQ #1 : When will the monthly SSB results be announced?
MAS will always announce the overall application results on the third last business day of the month.
E.g. 29th August 2022 is the third last business day for the month of August and results are announced at 3:00pm.
FAQ #2 : When will unsuccessful applications be refunded?
Money will be refunded by the second last business day of the month.
E.g. 30th August 2022 is the second business day for the month of August.
I had applied for $20,000 worth of SSBs and received a refund of $6,500 which was directly credited into my bank account on the day the results was announced.
FAQ #3 : What are the interest payment dates?
This is super easy to remember. The interest payment months for Singapore Savings Bonds is every subsequent six months after the issue date –
- Issue date + 6 months (e.g. 1st March 2023)
- Issue date + 12 months (e.g. 1st September 2023)
- Issue date + 18 months (e.g. 1st March 2024)
Need a SSB calculator? Click here to access it!
I would be looking forward to getting interest payments on every 1st March and 1st September for this tranche of Singapore Savings Bonds.
First year returns has shot up to 2.63% for September’s tranche and the 10-year returns has decreased to 2.8%. Interestingly (and perhaps good news for me), the subscription rate has dropped significantly to 2.1x which has resulted in higher allotment.
Let’s see what October’s tranche will bring and perhaps I will apply once again.
Have you checked your allotment of SSBs yet?
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At the age of 30, I am the Personal Finance Blogger who laid claim to a negative net worth of minus $25,755 – and decided to turn things around.
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[…] might be interested in a recent post from the Turtle Investor – “How To Check Singapore Saving Bonds Allotment Results And […]