So the latest allotment for the Singapore Savings Bonds are out.
And wow, are Singapore Savings Bonds popular again.
Whereas last month’s Singapore Savings Bonds saw allotment of up to $42,500 per person.
This month you’re looking at up to $10,500 per person only.
November 2022 Singapore Savings Bonds – Allotment Results
Diving deeper into the numbers.
The November Singapore Savings Bonds received $2.2 billion worth of applications, which is significantly higher than the October Singapore Savings Bonds at $1.1 billion.
It’s even higher than the September Singapore Savings Bonds at $1.9 billion.
Issue size is unchanged at $900 million.
Each person who applied has a chance of getting allotted either $10,500 or $10,000, with a 29.15% chance of getting $10,500.
Why are the Singapore Savings Bonds popular again?
Well, it all comes down to the interest rate.
The November Singapore Savings Bonds yield 3.08% first year, and 3.21% over 10 years:
This is significantly higher than the October Singapore Savings Bonds at 2.6% first year, and 2.75% over 10 years:
Will next month’s Singapore Savings Bonds be even better?
That said, looking at the latest SGS yields, it looks like next month’s Singapore savings bonds might be even better.
You’re probably looking at a 1 year rate of about 3.2%+, and around 3.5% for 10 years.
So if this month’s $10,500 allotment is anything to go by, next month might see even more dismal allotments.
With the latest T-Bills yielding 4.19%, might not be a bad idea to start switching over to T-Bills, for investors who don’t need the liquidity within the next 6 months.
If you do need the liquidity though, then it probably still makes sense to stick with Singapore Savings Bonds or perhaps fixed deposits.
Don’t forget to sign up for our free weekly newsletter too!
Trust Bank Account (Partnership between Standard Chartered and NTUC)
Sign up for a Trust Bank Account and get:
- $35 NTUC voucher
- Whole bunch of freebies – A free packet of rice (1kg), a free Kopitiam Kaya Toast set, a $1.99 Double Mushroom Swiss at Burger King, and 50% off KFC Zinger Set just to name a few.
- 1.0% base interest on your first $50,000 (up to 1.4%)
Fully SDIC insured as well.
It’s worth it in my view, a lot of freebies for very little effort.
Full review here, or use Promo Code N0D61KGY when you sign up to get the vouchers!
WeBull Account – Free US Stock, Options and ETF trading (Free USD130 (S$185) in Tesla shares)
I did a review on WeBull and I really like this brokerage – Free US Stock, Options and ETF trading, in a very easy to use platform.
I use it for my own trades in fact.
To get the USD130 (S$185) in Tesla shares, you just need to:
- Sign up here and fund S$2000
- Make 1 US Stock or ETF trade (you get USD100 in Tesla Shares)
- Make 1 Options trade (you get USD30 in Tesla Shares)
Looking for a low cost broker to buy US, China or Singapore stocks?
Get a free stock and commission free trading Webull.
Get a free stock and commission free trading with MooMoo.
Get a free stock and commission free trading with Tiger Brokers.
Or Interactive Brokers for competitive FX and commissions.
Looking to buy Bitcoin, Ethereum, or Crypto?
Check out our guide to the best Crypto Exchange here.
Looking for a comprehensive guide to investing that covers stocks, REITs, bonds, CPF and asset allocation? Check out the FH Complete Guide to Investing.
Or if you’re a more advanced investor, check out the REITs Investing Masterclass, which goes in-depth into REITs investing – everything from how much REITs to own, which economic conditions to buy REITs, how to pick REITs etc.
Want to learn everything there is to know about stocks? Check out our Stocks Masterclass – learn how to pick growth and dividend stocks, how to position size, when to buy stocks, how to use options to supercharge returns, and more!
All are THE best quality investment courses available to Singapore investors out there!
FYI – We just launched the FH Property Series. Everything you need to know to buy a property in Singapore, completely free of charge.