Invest
Singapore Savings Bond October 2022 Oversubscribed: $42,500 Max Per Person
By Sethisfy  •  September 28, 2022
Of the $900 million offered by October 2022’s issue of Singapore Savings Bond, approximately $1.08 billion was subscribed. The degree of oversubscription has come down quite a bit, and the ceiling amount for this month is $42,500. Maximum of $42,500 allocated per individual  If you subscribed to $42,000 or less, you will get the amount you subscribed for.  Applications above this figure will get $42,000, and approximately 72.31% of such individuals would be allotted $42,500. The rest of your funds will be refunded to you. Next month is going to be huge for SSB This month’s SSB is a lot less popular than its predecessors, but it probably isn’t surprising since it is lower in yield than those which came before it. Also, next month’s SSB will likely be huge looking at SGS yields and the fact that rates are on the climb yet again. The smaller interest in...
Read the full article
By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance