Singapore Savings Bonds

[alanchia67]

Bought the GX25030N on 1 Mar, anyone know what could be the reason interest is not in yet? Bank account link wrongly etc?

Issue date is 3 March. May be wait one more day to check?

 

[sibeiTrolled]

Bought the GX25030N on 1 Mar, anyone know what could be the reason interest is not in yet? Bank account link wrongly etc?

Nvm ps found it

https://www.mas.gov.sg/-/media/mas/sgs/sgs-announcements-pdf/ssb-pdf/2025/gx25030n.pdf

According to this document and considering 1st Sept isn't a weekend or PH, it should have been paid out already since on the webpage itself, https://www.mas.gov.sg/bonds-and-bi...ond?issue_code=GX25030N&issue_date=2025-03-03, it states the next payout is on 1st March 2026

Maybe you login CDP and check?

 

[hwckhs]

Projection by https://www.ilovessb.com/projection/SBNOV25 , as of 19/9/2025:

SBNOV25

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	1.40	1.43	1.49	1.57	1.68	1.83	2.00	2.17	2.32	2.44
Average return per year %	1.40	1.41	1.44	1.47	1.51	1.56	1.62	1.69	1.75	1.81

 

[pratik28]

Amount offered S$400.0 million
Total amount applied S$283.3 million
Total amount within individual allotment limits S$251.8 million
Total amount alloted S$251.8 million
Quantity ceiling -

 

[hwckhs]

Final projection by https://www.ilovessb.com/projection/SBNOV25 , as of 30/9/2025:

SBNOV25

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	1.39	1.48	1.54	1.59	1.69	1.85	2.01	2.17	2.32	2.44
Average return per year %	1.39	1.43	1.47	1.50	1.54	1.59	1.64	1.71	1.77	1.83

Based on SGS benchmark yields (Sep 2025):
1 year: 1.39
2 year: 1.44
5 year: 1.53
10 year: 1.83

 

[Lanotte]

10 years after

 

[0218crawford]

10 years after

wa. finally come home riao. but no nice home to go to these days.

 

[DevilPlate]

10 years after

Hmm how come never recycle into 3%+ in 2023?

 

[pratik28]

10 years after

wah! so you were among those first year inaugural SSB batch, full circle of life haha, ORNS MR already!

 

[70niner]

10 years after

Yep got back my principal sum today too

After holding for 10 years, I got $269 per $1000 of SSB.....

 

[lzydata]

SBNOV25 GX25110W Bond Details​

Amount offered[1] S$400.0 million

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest percent	1.39	1.48	1.54	1.59	1.69	1.85	2.01	2.17	2.32	2.44
Average return per year %[1]	1.39	1.43	1.47	1.50	1.54	1.59	1.64	1.71	1.77	1.83

https://www.mas.gov.sg/bonds-and-bi...ond?issue_code=GX25110W&issue_date=2025-11-03

 

[Lanotte]

Hmm how come never recycle into 3%+ in 2023?

Was deciding to redeem and recycle
Did not proceed as the 10th year rate was 3.70%
At that time already met limit for 2 accounts (family member)
Will dump into OA for now

 

[pratik28]

SBNOV25 GX25110W Bond Details​

Amount offered[1] S$400.0 million

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest percent	1.39	1.48	1.54	1.59	1.69	1.85	2.01	2.17	2.32	2.44
Average return per year %[1]	1.39	1.43	1.47	1.50	1.54	1.59	1.64	1.71	1.77	1.83

https://www.mas.gov.sg/bonds-and-bi...ond?issue_code=GX25110W&issue_date=2025-11-03

SBDEC25 (Projected)​

Confidence5%*
Opening Date03 Nov 2025
Closing Date25 Nov 2025
Allotment Date26 Nov 2025
Issue Date01 Dec 2025

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	1.35	1.67	1.74	1.74	1.82	1.99	2.11	2.23	2.36	2.47
Average return per year %	1.35	1.51	1.58	1.62	1.66	1.71	1.77	1.82	1.88	1.93

 

[pratik28]

The next month SSB forecast seems like taking a pivot, for a change! We never know with D.Trump, his overnight policies and its economic impact, haha

 

[hwckhs]

Projection by https://www.ilovessb.com/projection/SBDEC25 , as of 10/10/2025:

SBDEC25

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	1.35	1.65	1.71	1.73	1.80	1.95	2.05	2.15	2.26	2.37
Average return per year %	1.35	1.50	1.57	1.61	1.64	1.69	1.74	1.79	1.84	1.89

 

[tehhalia]

Total amount applied S$283.3 million
Total amount within individual allotment limits S$251.8 million
Total amount allotted S$251.8 million

actually how come every month got applications exceeding individual allotment limits ah... by quite a bit also... is really don't know and exceed limit one, or otherwise...

 

[reddevil0728]

actually how come every month got applications exceeding individual allotment limits ah... by quite a bit also... is really don't know and exceed limit one, or otherwise...

more people than you realise are ignorant.

 

[hwckhs]

actually how come every month got applications exceeding individual allotment limits ah... by quite a bit also... is really don't know and exceed limit one, or otherwise...

Nice observation, and it got me curious.

So, I used my database to calculate the percentage of amount applied above limit:
= (AmountApplied - AmountAppliedWithinLimits) / AmountAppliedWithinLimits * 100

Name	PercentageAppliedAboveLimit
SBOCT25	12.49
SBSEP25	13.83
SBAUG25	10.71
SBJUL25	10.63
SBJUN25	9.88
SBMAY25	7.68
SBAPR25	5.48
SBMAR25	5.07
SBFEB25	5.99
SBJAN25	5.37
SBDEC24	7.39
SBNOV24	7.98
SBOCT24	6.72
SBSEP24	3.76
SBAUG24	2.62
SBJUL24	2.05
SBJUN24	2.03
SBMAY24	3.93
SBAPR24	3.15
SBMAR24	4.71
SBFEB24	4.37
SBJAN24	1.69
SBDEC23	1.36
SBNOV23	1.46
SBOCT23	1.72
SBSEP23	1.69
SBAUG23	1.50
SBJUL23	2.62
SBJUN23	2.17
SBMAY23	1.20
SBAPR23	0.90
SBMAR23	1.09
SBFEB23	1.03
SBJAN23	0.84
SBDEC22	0.83
SBNOV22	0.84
SBOCT22	0.83
SBSEP22	0.90
SBAUG22	1.11
SBJUL22	1.10
SBJUN22	1.33
SBMAY22	1.76
SBAPR22	2.13
SBMAR22	2.99
SBFEB22	3.00
SBJAN22	2.49
SBDEC21	1.59
SBNOV21	4.10
SBOCT21	2.73
SBSEP21	1.59
SBAUG21	1.54
SBJUL21	2.49
SBJUN21	2.47
SBMAY21	2.08
SBAPR21	1.07
SBMAR21	3.12
SBFEB21	2.02
SBJAN21	2.51
SBDEC20	1.43
SBNOV20	5.52
SBOCT20	1.90
SBSEP20	0.88
SBAUG20	2.41
SBJUL20	4.23
SBJUN20	4.20
SBMAY20	3.70
SBAPR20	2.00
SBMAR20	2.66
SBFEB20	2.63
SBJAN20	2.41
SBDEC19	1.79
SBNOV19	1.96
SBOCT19	2.08
SBSEP19	1.08
SBAUG19	2.31
SBJUL19	1.46
SBJUN19	1.33
SBMAY19	1.32
SBAPR19	0.90
SBMAR19	0.38
SBFEB19	21.46
SBJAN19	3.85
SBDEC18	3.02
SBNOV18	4.04
SBOCT18	4.12
SBSEP18	2.70
SBAUG18	2.18
SBJUL18	1.64
SBJUN18	1.85
SBMAY18	1.24
SBAPR18	1.05
SBMAR18	1.60
SBFEB18	1.91
SBJAN18	2.30
SBDEC17	2.65
SBNOV17	3.25
SBOCT17	2.77
SBSEP17	3.54
SBAUG17	2.84
SBJUL17	2.52
SBJUN17	2.18
SBMAY17	1.80
SBAPR17	1.88
SBMAR17	1.90
SBFEB17	1.28
SBJAN17	2.48
SBDEC16	3.84
SBNOV16	7.76
SBOCT16	2.33
SBSEP16	2.82
SBAUG16	1.93
SBJUL16	3.81
SBJUN16	1.65
SBMAY16	1.08
SBAPR16	0.76
SBMAR16	1.57
SBFEB16	1.31
SBJAN16	1.07
SBDEC15	0.95
SBNOV15	0.79
SBOCT15	1.22

Historically, the percentage exceeding limit is usually in the low single digit.

However, in the most recent 4 issues, the percentage was consistently above 10%. This is much higher than the historical norm. The biggest outlier is actually for SBFEB19 (21.46%), though.

Note that whether or not an issue is over-subscribed has no bearing to "Total amount within individual allotment limits". It is baffling how the percentage can vary so widely from issue to issue.

P/S: Individual limit was $100k when SSB was launched, but later increased to $200k since Feb 2019. There was also a per-Issue limit of $50k in the early days, but this limit was removed since Mar 2018.

 

[hwckhs]

Projection by https://www.ilovessb.com/projection/SBDEC25 , as of 22/10/2025:

SBDEC25

Year from issue date	1	2	3	4	5	6	7	8	9	10
Interest %	1.35	1.59	1.67	1.71	1.78	1.90	1.98	2.06	2.15	2.25
Average return per year %	1.35	1.47	1.54	1.58	1.62	1.66	1.71	1.75	1.79	1.83