Singapore Savings Bonds (SBDEC23) Interest Rates Projection

02 Oct 2023 (Updated: 31 Oct 2023)

The next SSB (SBDEC23) is projected to have a 10-year average return of 3.40% p.a. with interest rates from 3.33% (year 1) to 3.77% (year 10). If you invest $10,000 in this SSB, you are projected to earn a total interest of $3,400 over a period of 10 years.

We have reached the third (of three) projection milestone. At this stage, all business days in Oct 2023 have passed. The projected interest rates are final and will no longer be updated. The projected 10-year average return (3.40% p.a.) should be very close to the official one (differ by no more than 0.03%). SBDEC23's interest rates will be announced by MAS on 01 Nov 2023. Then, we will calculate the accuracy of our projection, move it to Past Projections, and begin projecting the following SSB.

You already know that the current SSB (SBNOV23) has a 10-year average return of 3.32% p.a. Why do you need to know the projected interest rate of the next SSB (SBDEC23)?

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 (SBNOV23) and the next SSB (SBDEC23), check this page closer to current SSB's closing date (26 Oct 2023) when confidence of projection is higher.