Singapore Savings Bonds (SBNOV23) Interest Rates Projection
04 Sep 2023 (Updated: 25 Sep 2023)
The next SSB (SBNOV23) is projected to have a 10-year average return of 3.29% p.a. with interest rates from 3.21% (year 1) to 3.74% (year 10). If you invest $10,000 in this SSB, you are projected to earn a total interest of $3,290 over a period of 10 years.
We have reached the second (of three) projection milestone. At this stage, at least 2/3 of business days in Sep 2023 have passed. The projected interest rates are mature estimates. They may still change although at a slower pace, unless interest rate moves up or down significantly in the remaining business days of Sep 2023.
You already know that the current SSB (SBOCT23) has a 10-year average return of 3.16% p.a. Why do you need to know the projected interest rate of the next SSB (SBNOV23)?
Knowing the interest rate of the next SSB before it is announced allows you to plan ahead and get the best return for your SSB investment.
For example, you might have limited amount of money to invest. If you know that the next SSB will have a higher return, you can confidently skip the current SSB and wait for the next one. Conversely, if the next SSB will have a lower return, you can proceed to purchase the current SSB without hesitation.
Projection is updated at the end of each business day. If you need to decide between current SSB (SBOCT23) and the next SSB (SBNOV23), check this page closer to current SSB's closing date (26 Sep 2023) when confidence of projection is higher.
SBOCT23 (Announced)
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 | 3.10 | 3.36 | 3.48 | 3.48 |
| Average return per year % | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 | 3.05 | 3.06 | 3.09 | 3.13 | 3.16 |
Do you have an existing SSB? Is it profitable to swap your existing SSB with SBOCT23?
SBNOV23 (Projected)
| Year from issue date | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest % | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.24 | 3.33 | 3.49 | 3.74 |
| Average return per year % | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.23 | 3.25 | 3.29 |
Projection is made based on the 1, 2, 5 and 10-year SGS benchmark yields. Calculations are made according to the SSB technical specifications (MAS), in a best-effort manner. The projected interest rates may differ from the actual ones which will be announced on 02 Oct 2023. You may also check the accuracy of our past projections.
* Confidence increases towards the end of month as more daily SGS yields become available. Latest daily SGS yield considered: 25 Sep 2023.
