Typical of Singapore Savings Bonds (SSB) in recent months, December 2022 SSB (SBDEC22 GX22120S) is yet again oversubscribed. Of the $1 billion offered, $1.7 billion was applied for.
Maximum amount of $14,500 allocated per person
If you subscribed to $14,000 or less, you will get the full amount you subscribed for.
Applications above this figure will get either $14,000 or $14,500 on a random basis, and approximately 39% of such individuals would be allotted the higher amount.
The rest of your funds should have been refunded to you.
Alternatives
Despite being the tranche with the highest-ever returns since the introduction of Singapore Savings Bond 7 years ago in 2015, the December 2022 SSB has a higher ceiling amount compared to previous SSBs. August 2022’s SSB, for instance, offered only $9,500 maximum per individual. This is a result of less money being put into this month’s tranche – only $1.7 billion was applied for compared to last month’s $2.2 billion.
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