We can now subscribe for April 2024’s Savings Bond (SSB)! Rates have been going up for the past couple of months so this might be something of interest. In March, we can also apply for the usual two 6-month t-bills and a 5-year Singapore Government Securities (SGS) bond.
April 2024 SSB – rates up, crossing 3% p.a. returns
| Year from issue date |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Interest % |
2.95 |
2.95 |
2.95 |
2.95 |
2.95 |
2.95 |
3.04 |
3.19 |
3.28 |
3.28 |
| Average return per year % |
2.95 |
2.95 |
2.95 |
2.95 |
2.95 |
2.95 |
2.96 |
2.99 |
3.02 |
3.04 |
SBAPR24 GX24040Z Bond Details
Returns for April 2024’s SSB has once again crossed the 3% p.a. mark as long as you hold the bond for at least 9 years. The last time the bond crossed this mark was for
January 2024’s SSB. In the shorter term, yields are at least 2.95% p.a. which is just a hair short of 3%.
January 2024’s SSB had a S$1.1 billion tranche of which S$853 million was allotted at that time. This month’s tranche is $900 million so I’m thinking that undersubscription is not very likely....
