The SSB January 2024 issue of
Singapore Savings Bonds by the Monetary Authority of Singapore
halted its gradual uptrend as returns dipped compared to the previous issues.
In this latest issue of SSB, the
1-year returns come in at 3.0% whereas the
10-year average return is now 3.07%.
Let us compare this month’s interest rates vs. the previous months.
| Month |
Year 1
Interest |
10 Year
Average |
| August 2023 |
2.97% |
2.99% |
| September 2023 |
3.01% |
3.06% |
| October 2023 |
3.05% |
3.16% |
| November 2023 |
3.21% |
3.32% |
| December 2023 |
3.30% |
3.40% |
| January 2024 |
3.00% |
3.07% |
We can get a guaranteed yield of more than 3% for ten years on our SSBs if we apply and get allocated successfully. To me, this is extremely attractive for a risk-free instrument.
For reference, the
December 2023 SSB had a better yield and was oversubscribed by 1.9x times.
On my
SSB historical interest rates page, you can see the full history of the Singapore Savings Bonds issues presented in a table format and view the amount of SSBs for each issue that investors have already redeemed....
