May 2023’s Singapore Savings Bond (SSB) has relatively consistent returns regardless of the tenure you hold it for. Average returns stand at 3.03% p.a. if you hold the bond for any period of time up to 7 years, and increases slightly to a maximum of 3.07% p.a. if you hold it for the entire 10-year duration.

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	3.03	3.03	3.03	3.03	3.03	3.03	3.03	3.16	3.21	3.21
Average return per year %*	3.03	3.03	3.03	3.03	3.03	3.03	3.03	3.04	3.06	3.07

SBMAY23 GX23050W Bond Details Past SSBs compared

Year From Issue Date	1	2	3	4	5	6	7	8	9	10
Mar 2023	2.76	2.76	2.76	2.76	2.76	2.76	2.78	2.82	2.86	2.90
Apr 2023	3.01	3.01	3.01	3.01	3.01	3.01	3.03	3.07	3.12	3.15
May 2023	3.03	3.03	3.03	3.03	3.03	3.03	3.03	3.04	3.06	3.07

Average return per year % See More Past SSBs

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
Feb 2023	2.84	2.84	2.84	2.84	2.84	2.84	2.86	2.90	2.94	2.97
Mar 2023	2.76	2.76	2.76	2.76	2.76	2.76	2.78	2.82	2.86	2.90
Apr 2023	3.01	3.01	3.01	3.01	3.01	3.01	3.03	3.07	3.12	3.15

Average return per year % Oversubscription is a thing again Last month, I thought that oversubscription wouldn’t be likely given the relative unpopularity of SSBs in recent months. It was, however, oversubscribed a little. The ceiling amount was...