The December tranche gives a 10-year average return of 2.81% and attracts S$164.8 million in applications for the S$600 million on offer
THE latest Singapore Savings Bond (SSB) allotted on Wednesday (Nov 27) recorded a rise in the number of applications, with the rate higher than that of the previous tranche.
The December tranche offers a first-year interest rate of 2.66 per cent, and a 10-year average return of 2.81 per cent.
This surpasses the interest rates for the last two tranches of the SSBs. The November issuance, which saw yields slip to record lows for 2024, offered a first-year interest rate of 2.25 per cent, and a 10-year average return of 2.56 per cent.
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