A new month and a new Singapore Savings Bond (SSB). January 2023’s SSB is offering 2.95% p.a. average returns in the short-term, and 3.26% p.a. if held for the entire 10-year stretch. The tranche size is slightly smaller than last month’s, coming in at S$900 million.
| Year from issue date |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Interest % |
2.95 |
2.95 |
2.95 |
3.25 |
3.36 |
3.36 |
3.36 |
3.47 |
3.57 |
3.63 |
| Average return per year %* |
2.95 |
2.95 |
2.95 |
3.02 |
3.09 |
3.13 |
3.16 |
3.19 |
3.23 |
3.26 |
SBJAN23 GX23010Z
Bond Details
Past SSBs compared
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| Year From Issue Date |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| May 2022 |
0.86 |
1.49 |
1.72 |
1.84 |
1.91 |
1.96 |
2.01 |
2.04 |
2.06 |
2.09 |
| Jun 2022 |
1.43 |
1.92 |
2.16 |
2.30 |
2.37 |
2.43 |
2.46 |
2.49 |
2.51 |
2.53 |
| Jul 2022 |
1.69 |
2.16 |
2.37 |
2.47 |
2.54 |
2.60 |
2.63 |
2.66 |
2.69 |
2.71 |
| Aug 2022 |
2.00 |
2.42 |
2.63 |
2.74 |
2.82 |
2.88 |
2.92 |
2.95 |
2.97 |
3.00 |
| Sep 2022 |
2.63 |
2.67 |
2.68 |
2.69 |
2.69 |
2.71 |
2.73 |
2.75 |
2.78 |
2.80 |
| Oct 2022 |
2.60 |
2.60 |
2.60 |
2.62 |
2.64 |
2.66 |
2.68 |
2.70 |
2.73 |
2.75 |
| Nov 2022 |
3.08 |
3.11 |
3.14 |
3.15 |
3.16 |
3.17 |
3.18 |
3.19 |
3.20 |
3.21 |
| Dec 2022 |
3.26 |
3.26 |
3.27 |
3.34 |
3.39 |
3.42 |
3.44 |
3.45 |
3.46 |
3.47 |
| Jan 2023 |
2.95 |
2.95 |
2.95 |
3.02 |
3.09 |
3.13 |
3.16 |
3.19 |
3.23 |
3.26 |
Average return per year %
A dip compared to the past 2 SSBs
The rates of this bond put January 2023’s SSB as the third highest Singapore Savings Bond to date, but it’s a sign of the times when response to this month’s bond is
lukewarm at best.
The relatively soft rates come at a time when bank accounts are giving as much as 5% p.a. Depending on...
