If you’ve been closely monitoring the interest rate of Singapore Savings Bond (SSB), you will notice the average interest of the latest issue is slightly lower than the previous month. While these rates aren’t as high as some previous SSBs that offered over 3% per annum, they may still be attractive options given the recent decline in interest rates offered by bank accounts.
If you are not familiar with Singapore Savings Bond (SSB), it is a Singapore government-backed safe investment, with step-up interest rates and flexible redemption options. SSBs provide a low-risk avenue for building a robust income stream under my Kueh Lapis Investment Framework.
You can check out our Complete Guide to Singapore Savings Bonds (SSB).
This Month’s Bond
The latest issuance of the Singapore Savings Bond (SSB) SBAPR25 offers a 10-year average return of 2.85% per year. You can apply for the latest SSB before the closing on 25 March 2025.
The bond’s Issue code is GX25040F, it has
- An interest rate from 2.73% (year 1) to 3.03% (year 10) per annum with two semi-annual payments, and
- An average yearly return of 2.85% if you hold the bond for 10 years.
- This is slightly lower than the previous issue GX25030NÂ which has an average yearly return of 2.97%.
- If you invest $10,000 in this month’s SSB, you will earn a total interest of $2,862 if held to maturity.
Below are the issue details
- Source: MAS
Additional Readings: The Complete Guide to Singapore Savings Bonds (SSB).
What is Singapore Savings Bond (SSB)?
SSB is a kind of of Singapore Government Securities (SGS), offering a safe and flexible investment option for individual investors. Buyers can enjoy increasing returns over time and the freedom to redeem bonds in any month without penalties.
Not only can you invest in SSB using cash, but you can also do so with your Supplementary Retirement Scheme (SRS).
Related Article: Complete Guide to Singapore Savings Bonds (SSB)
How to Buy Singapore Savings Bond (SSB)
SSB is open to individuals aged 18 years and above. If this is your first time applying for SSB, we’ve got you.
You can apply for SSB using two types of payment modes:
- Cash
- Supplementary Retirement Scheme (SRS)
Each application is capped at $50,000, your total Savings Bonds holdings cannot exceed $200,000 at any time.
Step 1: Preparation
Make sure that you have the following ready before your SSB application
- A bank account with any local banks in Singapore (DBS/POSB, OCBC or UOB)
- Central Depository (CDP) account that is linked to the bank account you intend to invest with.
Step 2: Application
MAS will announce details of the upcoming Savings Bond issue (such as the amount available and interest rates) on the 1st business day of each month.
There are 2 ways you can invest your SSB with:
- Apply through ATM (only DBS/POSB, OCBC, or UOB), OR
- Apply through Internet Banking under Singapore Government Securities.
Note that you’ll need to have your CDP Account Number on hand when making the application.
Step 3: Allocation
After applying for SSB, you don’t need to do anything. Just remember these two important dates:
- Closing Date: Apply before this date.
- Allotment Date: The results will be announced on this date.
In case of over-subscription, you’ll receive a portion of your applied amount, with the rest automatically returned to your bank account. You can access the My Savings Bonds portal to view and track all your Savings Bond holdings.
We have covered a lot more details and commonly asked questions in our Complete Guide to Singapore Savings Bonds, such as
- How are interest rates for Savings Bonds determined?
- How does Singapore Savings Bonds Compare to Fixed Deposit and Other Singapore Government Securities?
- Is There a Limit to Singapore Savings Bonds Subscriptions?
- How to check what Savings Bonds you have?
- How to Receive Your SSB Interest Payment?
- How do you redeem your SSB earlier?
Check out the complete guide here.
Stay Updated
As you can see, the interest rate of Singapore Savings Bonds fluctuates every month.
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