How to apply for Singapore Savings Bonds
If you don’t have time to read through the whole article, you can check out our short version below:
What to know when investing in Singapore Savings Bonds:
Start investing and earn interest over time if you invest up to 10 years.
Easily set up using your DBS iBanking.
View your result on MAS website after 3pm on Allotment Day anywhere with My Savings Bonds Portal.
Getting started on your investing journey does not have to be complicated. There is an investment option that protects your capital, lets your earn step-up interest if you invest up to 10 years and allows for early withdrawal with zero penalty.
The Singapore Savings Bonds (SSBs) is an investment option that is akin to a savings account, because:
|It is fully backed by the Singapore Government, so your capital is guaranteed.|
|You will earn interest that increases over time, if you remain invested up to 10 years.|
|It is flexible, because there is no lock-in period. Upon redemption, your money will be available by the 2nd business day of the following month.|
This is what you will need to know/have before applying for SSBs
|Details of each tranche’s interest rate and application timeline.|
|Your SRS account or an individual CDP Securities account, with Direct Crediting Service activated (to facilitate direct crediting of interest payments into your bank account) if you are making cash application.|
|Step 1:||Select "Invest" on the menu bar.|
|Step 2:||Select "Singapore Savings Bonds" |
Read the notice and click OK
|Step 3:||Click on the tranche that you would like to apply|
|Step 4:||Select your nationality, payment mode, and key in the amount |
For cash applications, you will need to key in your CDP Securities account number and select the account (for deductions).
|Step 5:||Verify your application details and click submit to confirm your application |
Take a screenshot of your application for your records
The results will be available on MAS website after 3pm on Allotment Day (3rd last business day of the month)/ Successful applicants will also be notified by CDP or SRS, via mail. For unsuccessful or partially filled applications, any excess money will be refunded by the 2nd last business day of the month.
Safekeeping of your Savings Bonds
Your Savings Bonds will be issued on the first day of the month, held in the custody of:
|CDP, if you had invested using cash|
|SRS, if you had invested with SRS funds|
Alternatively, you can log into My Savings Bonds Portal to check and keep track of all your Savings Bonds holdings.
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