SSB

Singapore Savings Bonds

How to apply

Choose whether you are applying with cash or SRS funds.

Using cash

Set up CDP, then apply through your bank

  1. Open an Individual CDP Securities Account

    Joint CDP accounts cannot be used for Savings Bonds.

    Open a CDP account

  2. Link a bank account through DCS

    When opening your CDP account, nominate a Singapore-dollar bank account for Direct Crediting Service. If you already have a CDP account, sign in and open Customer Service, then Direct Crediting Service, to add or check your bank account.

    Sign in to CDP

  3. Apply through your bank

    Sign in to DBS/POSB, OCBC or UOB and choose Singapore Savings Bonds. Enter your 12-digit CDP account number if requested.

  4. Choose the issue and amount

    Check the issue code, then apply for at least $500 in multiples of $500.

Using SRS funds

Apply through your SRS operator

  1. Sign in to your SRS operator

    Use the internet banking service for DBS/POSB, OCBC or UOB.

  2. Choose Singapore Savings Bonds

    Check the issue code and select SRS as the source of funds.

  3. Enter your application amount

    Apply for at least $500 in multiples of $500.

You do not need a CDP account when applying with SRS funds.

Before you confirm

Frequently asked questions

Can I switch SSBs when I already hold S$200,000?

Yes, if you have enough separate funds. Redemptions and maturities are counted before the S$200,000 limit is applied, so you can redeem an old SSB and apply for a new one in the same month.

Your application funds are deducted or earmarked straight away. The redeemed principal and accrued interest arrive by the second business day of the next month. If you need that money for the new application, you'll have to wait for the next issue.

Each redemption request costs S$2 and each application costs another S$2. There is no early redemption penalty. Both requests are final once submitted, and the fees aren't refunded.

Compare both coupon schedules for how long you plan to hold, not just the 10-year averages. The new issue may also be partially allotted.

When does my application start earning interest?

From the bond's issue date, not the day you apply. Cash is deducted when you apply, while SRS funds are earmarked.

What happens if I don't get the full amount?

Any unused cash is refunded by the next business day after allotment. For SRS, the bank releases the unused earmarked funds by then. The S$2 application fee isn't refunded.

Can I change or cancel an application?

No. Once submitted, it can't be changed or cancelled. If you submit more than one application, they are added together and each one costs S$2.

Can I redeem before 10 years?

Yes. You can redeem in any month, from S$500 in multiples of S$500. You'll get your full principal plus accrued interest by the second business day of the next month. There is no early exit penalty, but each redemption request costs S$2 and can't be cancelled.