Singapore Savings Bonds

[CyberTan]

With so much attention, the spoils will seems to go downwards of 9k...

I’m intending to apply for Nov SSB. Hope can get at least 10K allocation. I’m also withdrawing my Sep SSB.

 

[24thchromosome]

Pai seh newbie question.

For the upcoming issue (SBNOV22 GX22110A), assuming if one submit application today for $X amt, will $X be deducted instantly from the bank acct, or will be only be deducted on closing date 26 Oct or allotment date 27 Oct? Assuming if a lesser amount $Y is allocated, will the difference of $X-$Y be refunded back to bank acct on allotment date or issuance date 01 Nov or thereafter? TQ!

 

[reddevil0728]

Pai seh newbie question.

For the upcoming issue (SBNOV22 GX22110A), assuming if one submit application today for $X amt, will $X be deducted instantly from the bank acct, or will be only be deducted on closing date 26 Oct or allotment date 27 Oct? Assuming if a lesser amount $Y is allocated, will the difference of $X-$Y be refunded back to bank acct on allotment date or issuance date 01 Nov or thereafter? TQ!

deduct immediately

allotment date

 

[24thchromosome]

deduct immediately

allotment date

Thank you Sir! Which means a more appropriate approach is to wait till closing date to submit before 9pm that day so that fund can still get some interest elsewhere in some temporary holding account from now till then.

 

[reddevil0728]

Thank you Sir! Which means a more appropriate approach is to wait till closing date to submit before 9pm that day so that fund can still get some interest elsewhere in some temporary holding account from now till then.

yes. but of course don't do it too last min. in case it issues

 

[24thchromosome]

yes. but of course don't do it too last min. in case it issues

Yes indeed, thanks once again!

 

[demoforce1]

For SBJUN22 GX22060F, If I redeem on Nov 22, will I still get the 6 mths interest that will be paid on 1 Dec?

 

[BBCWatcher]

For SBJUN22 GX22060F, If I redeem on Nov 22, will I still get the 6 mths interest that will be paid on 1 Dec?

With SSBs you always receive all accrued interest whichever month you redeem them. For example if you redeem that SSB this month (October, for disbursement on or about November 1) you’ll also receive the accrued interest through and including October.

 

[sohguanh]

For SBJUN22 GX22060F, If I redeem on Nov 22, will I still get the 6 mths interest that will be paid on 1 Dec?

Refer to an e.g how the count the accrued interest https://www.mas.gov.sg/bonds-and-bills/investing-in-singapore-savings-bonds/how-to-redeem

That formula take into account the days to reach the interest paid out. For your case don't think you get the full 6 months since part of it will be inside the total redemption proceeds. I assume you redeem in full not partial

 

[demoforce1]

Refer to an e.g how the count the accrued interest https://www.mas.gov.sg/bonds-and-bills/investing-in-singapore-savings-bonds/how-to-redeem

That formula take into account the days to reach the interest paid out. For your case don't think you get the full 6 months since part of it will be inside the total redemption proceeds. I assume you redeem in full not partial

noted, thanks!

 

[craze_ho]

I think we can only predict dec rates on 26 Oct 5pm, then decide by 9pm whether want to enter for Nov ssb or not.

can so last minute buy ar?

 

[reddevil0728]

can so last minute buy ar?

so long you apply before the application window closes why not

 

[Globe]

This is indeed the purpose of interest rate spike ---- more people bo bankrupts then less people buy buy buy boost up the prices

but it doesnt factor in rich PRs and the ultra weathly that the pap is hooking in left right and center ....

these ppl probably dun care or are not affected by the rising interest rate anyway.

 

[m0n0n0ke]

This coming tbill whats the prediction?

 

[reddevil0728]

This coming tbill whats the prediction?

Wrong thread.

 

[EDMW-Hates-Me]

How much do you all predict to get this month?

How much are you all setting for 6months and 1 year tbills?

How long do you think the interest rate will remain high?

 

[reddevil0728]

How much do you all predict to get this month?

How much are you all setting for 6months and 1 year tbills?

How long do you think the interest rate will remain high?

wrong thread for t-bill.

 

[sgbird]

but it doesnt factor in rich PRs and the ultra weathly that the pap is hooking in left right and center ....

these ppl probably dun care or are not affected by the rising interest rate anyway.

Those rich ppl are very small portion of whole population, their needs can be met easily and not affecting the ordinary price level. To luxury items, they are the infulencer and dominant factor maybe. But for ordinary items, they are negligible.

 

[reddevil0728]

but it doesnt factor in rich PRs and the ultra weathly that the pap is hooking in left right and center ....

these ppl probably dun care or are not affected by the rising interest rate anyway.

then why only rich PRs matter?

Should also consider any rich Singapore Citizens right?

 

[milkfish]

Those rich ppl are very small portion of whole population, their needs can be met easily and not affecting the ordinary price level. To luxury items, they are the infulencer and dominant factor maybe. But for ordinary items, they are negligible.

Rich folks don't really care about SSBs. Too many hoops to jump through for avg 10k allocation a month and total 200k. TBills maybe, but SSB not really.