Apply for Singapore Savings Bond starting 1st September

2-3% interest based on 10-year SGS yield


Here’s a way to earn more interest without placing your savings on risky investments. Introduced by Monetary Authority of Singapore, Singapore Savings Bonds (SSB) are securities issued by the Singapore Government that are open to individuals.

You will be able to apply for the subscription starting 1 September 2015 through ATMs or iBanking. Do note that you will need to have a bank account with DBS/POSB, OCBC or UOB and an individual CDP Securities account linked to your bank accounts. CDP is the custodian for Savings Bonds responsible for the application, interest payments and redemptions. You can find out how to open a CDP account through their FAQ.

According to SSB official website, if you hold your Savings Bond for the full 10 years, your return will match the average 10-year SGS yield the month before your investment. In the last 10 years, the 10-year SGS yield has been between 2% to 3% most of the time. More importantly, you can redeem your Savings Bonds in any given month before the bond matures, with no penalty for exiting your investment early.

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The chart below shows an example of how it works and the interest amount paid for $1,000 of Savings Bonds:

returns pic

You can find out more and how to buy your first Savings Bond from these 4 simple steps.


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