Here’s a protected manner to save cash that you haven’t any thought when you have to to make use of or your emergency fund.

The February 2023’s SSB bonds yield an rate of interest of 2.97%/yr for the subsequent ten years. You’ll be able to apply via ATM or Web Banking through the three banks (UOB, OCBC, DBS)
Nevertheless, for those who solely maintain the SSB bonds for one 12 months, with two semi-annual funds, your rate of interest is 2.84%/yr.
The one-year SSB yield appears to be heading down, displaying a much less flat curve.
$10,000 will develop to $12,988 in 10 years.
The Singapore Authorities backs this bond, and it’s out there so that you can make investments you probably have a CDP or SRS account (this consists of Singapore Everlasting Residents and Foreigners).
A single individual can personal no more than SG$200,000 value of Singapore Financial savings Bonds. You can too use your Supplementary Retirement Scheme (SRS) account to buy.

You will discover out extra info about the SSB here.
Observe that each month, there will probably be a brand new difficulty you may subscribe to through ATM. The 1 to 10-year yield you’re going to get will differ from this month’s ladder, as proven above.
Final month’s bond yields 3.26%/yr for ten years and 2.95%/yr for one 12 months.
Right here is the present historic SSB 10-Yr Yield Curve with the 1-Yr Yield Curve since Oct 2015, when SSB was began (Click on on the chart, and transfer over the road to see the precise yield for that month):
The way to Apply for the Singapore Financial savings Bond – Utility and Redemption Schedule
You’ll apply for the bonds all through the month. On the finish of the month, you’ll understand how lots of the bonds you utilized have been profitable.
Right here is the schedule for software and redemption for those who want to promote:

You could have from the second day of the month to in regards to the twenty fifth of the month (technically the 4th day from the final working day) to use or resolve to redeem the SSB you want to redeem.
Your bond will probably be in your CDP on the first of the next month. You will note your money in your checking account linked to your CDP account on the first of subsequent month.
You Might Not Get All of the Singapore Financial savings Bonds That You Apply For
Do word that whenever you apply for the Singapore Financial savings Bonds, you might not get all that you simply apply for. Consider this as you might be bidding for an quantity which is set by the demand and provide of Singapore Financial savings Bonds.
When the rate of interest is low, the demand tends to be decrease relative to historical past, and you may get a extra important quantity. Nonetheless, if the rate of interest may be very excessive, demand might be so overwhelming that you could be get a small portion you apply for.
For instance, within the August 2022 difficulty, you may apply for $100,000, however the most allotted quantity per individual was $9,000 solely. In case you utilized for $8,000, you’ll get your whole $8,000 allocation.
To evaluation the previous allotment development, you may check out SSB Allotment Results here.
How do the Singapore Financial savings Bonds Evaluate to SGS Bonds or Singapore Treasury Payments?
Singapore financial savings bonds are like a “unit belief” or a “fund” of SGS Bonds.
However what’s the distinction between shopping for SGS Bonds and its sister, the T-Payments, instantly?
The SGS Bonds and T-Payments are additionally issued by the Authorities and are AAA rated.
Here’s a MAS detailed comparability of the three:

The primary benefit of the 1-year SGS Bonds and Six-month Singapore Treasury Payments is that you may get a extra important allocation presently in comparison with the Singapore Financial savings Bonds. Which means if you could earn a great curiosity yield of $400,000, you get a greater probability to fulfil that with 1-year SGS Bonds and Six-month Treasury Payments.

The short-term rates of interest are getting reasonably thrilling, and short-term SGS bonds and treasury payments could also be relevant to complement your Singapore Financial savings Bonds allocation.
I wrote a information to indicate how one can simply purchase the Singapore Treasury Invoice and SGS Bonds right here. You’ll be able to learn How to Buy Singapore 6-Month Treasury Bills (T-Bills) or 1-Year SGS Bonds.
My Previous Worth Add Articles Concerning the Singapore Financial savings Bonds
Learn my previous write-ups:
- This Singapore Savings Bonds: Liquidity, Higher Returns and Government Backing. Dream?
- More details of the Singapore Savings Bond. Looks like my Emergency Funds now
- Singapore Savings Bonds Max Holding Limit is $200,000 for now. Apply via DBS, OCBC, UOB ATM
- Singapore Savings Bonds’ Inflation Protection Abilities
- Some instructions on how to apply for the Singapore Savings Bonds
Previous Problems with SSB and their Charges:
Listed below are your different Larger Return, Secure and Quick-Time period Financial savings & Funding Choices for Singaporeans in 2023
Chances are you’ll be questioning whether or not different financial savings & funding choices provide you with greater returns however are nonetheless comparatively protected and liquid sufficient.
Listed below are completely different different classes of securities to contemplate:
Safety Sort | Vary of Returns | Lock-in | Minimal | Remarks |
---|---|---|---|---|
Fastened & Time Deposits on Promotional Charges | 4% | 12M -24M | > $20,000 | |
Singapore Financial savings Bonds (SSB) | 2.9% – 3.4% | 1M | > $1,000 | Max $200k per individual. When in demand, it may be difficult to get an allocation. A good SSB Example. |
SGS 6-month Treasury Payments | 2.5% – 4.19% | 6M | > $1,000 | Appropriate you probably have some huge cash to deploy. How to buy T-bills guide. |
SGS 1-Yr Bond | 3.72% | 12M | > $1,000 | Appropriate you probably have some huge cash to deploy. How to buy T-bills guide. |
Quick-term Insurance coverage Endowment | 1.8-4.3% | 2Y – 3Y | > $10,000 | Ensure that they’re capital assured. Often, there’s a most quantity you should buy. A good example Gro Capital Ease |
Cash-Market Funds | 4.2% | 1W | > $100 | Appropriate you probably have some huge cash to deploy. A fund that invests in fastened deposits will actively assist you seize the very best prevailing rates of interest. Do learn up the factsheet or prospectus to make sure the fund solely invests in fastened deposits & equivalents. MoneyOwl’s WiseSaver – Fullerton Cash Fund example. |
This desk is up to date as of seventeenth November 2022.
There are different securities or merchandise which will fail to fulfill the factors to offer again your principal, excessive liquidity and good returns. Structured deposits include derivatives that improve the diploma of threat. Many money administration portfolios of Robo-advisers and banks include short-duration bond funds. Their values might fluctuate within the quick time period and will not be best for those who require a 100% return of your principal quantity.
The returns supplied usually are not forged in stone and can fluctuate primarily based on the present short-term rates of interest. You need to undertake extra goal-based planning and use essentially the most appropriate devices/securities that can assist you accumulate or spend down your wealth as an alternative of getting all of your cash in short-term financial savings & funding choices.
If you wish to commerce these shares I discussed, you may open an account with Interactive Brokers. Interactive Brokers is the main low-cost and environment friendly dealer I take advantage of and belief to take a position & commerce my holdings in Singapore, america, London Inventory Change and Hong Kong Inventory Change. They assist you to commerce shares, ETFs, choices, futures, foreign exchange, bonds and funds worldwide from a single built-in account.
You’ll be able to learn extra about my ideas about Interactive Brokers in this Interactive Brokers Deep Dive Series, beginning with how one can create & fund your Interactive Brokers account simply.