How To Apply For Singapore Savings Bonds 2

How To Apply For Singapore Savings Bonds 2

Welcome to Singapore Savings Bonds blogspot site.

Here is a check list to help you answer the question "How To Apply For Singapore Savings Bonds".

You will need to answer these three questions on 'How To Apply for Singapore Savings Bonds'.

(1) Do you have an individual CDP securities account?
(2) Do you have a Direct Crediting Service (DCS) link for your CDP securities account?
(3) Do you have an account with a Savings Bonds participating bank?

You need to have these three account / services activated before you can successfully apply for and solve your 'How To Apply for Singapore Savings Bonds' problem.

In summary, the requirements to satisfy on How To Apply for Singapore Savings Bonds are:

• Individual CDP Securities account with direct crediting service (DCS) activated;  and

• Bank account with one of the participating banks (currently DBS/POSB, OCBC or UOB[1]) ([1] more banks may join later)

If you have met all these requirements, you are ready to visit a participating bank ATM and punch the numbers to apply for your savings bonds or perform the application via online transaction.

If you have not met the requirements on how to apply for Singapore savings bonds, the rest of this post is for you to read.



On 'How To Apply for Singapore Savings Bonds', here is the step-by-step guide. Please bear with us. This guide is very long as we want to be thorough with all available options.

To apply for an individual CDP securities account, follow these steps.

(Please note that individuals need to be at least 18 years old to open an individual CDP Securities account. Also note that joint CDP accounts cannot be used to apply for Savings Bonds.)

Download and complete account application form from sgx.com/cdp/faq

For residents in Singapore:

Mail the completed form to CDP with:

* Photocopy of NRIC (Singaporeans, PRs and Malaysians) or passport (foreigners)

* Original or E-statement dated within the last 3 months which cross-references NRIC/passport particulars:
(i) bank statement from any MAS licensed bank; or
(ii) CPF statement; or
(iii) tax return.
Note: These documents will be retained by CDP.

OR

Visit CDP Customer Service Centre or a SGX Securities broker with:

* Completed form
* Original and photocopy of NRIC (Singaporeans, PRs and Malaysians) or passport (foreigners)

For residents overseas:

You may apply by mail but your application and supporting documents must be certified. Visit sgx.com/cdp/faq for details.

Include your bank account number to activate DCS at the same time.

Wait for mail notification from CDP confirming account opening. This usually takes around 10 business days.


To apply for DCS, follow these steps:

Online Submission
1. Visit sgx.com/cdp
2. Click on “CDP Internet Service/Login”
3. Click on “Customer Service/Direct Crediting Service”
4. Click on “Click here to apply for DCS”
5. Enter bank account details and click “Confirm”

OR

Offline Submission
Download and complete DCS application form from sgx.com/cdp
Mail completed form to CDP

OR

Visit CDP Customer Service Centre or a SGX Securities broker with:
* Completed form
* Original and photocopy of your NRIC (Singaporeans, PRs and Malaysians) or passport (foreigners)

You must have DCS to receive Savings Bonds interest and redemptions in your bank account. Participating DCS banks are Citibank, DBS/POSB, HSBC, OCBC, Standard Chartered Bank and UOB.



To apply for a bank account and ATM card with any Savings Bonds participating bank, follow these steps.

You can only apply for Savings Bonds through participating bank ATMs.

Participating Savings Bonds banks are DBS/POSB, OCBC and UOB.

Alternatively, you can apply using DBS/POSB iBanking services.



Some Information To Help You With CDP Account Opening:

CDP Address:
The Central Depository (Pte) Limited
11 North Buona Vista Drive #06-07
The Metropolis Tower 2
Singapore 138589

CDP Customer Service Centre:
9 North Buona Vista Drive
#01-19/20 The Metropolis
Singapore 138588
Mon to Fri: 8.30am – 5pm
Sat: 9am – 12.30pm
PH Closed

Contact CDP:
Hotline: +65 6535 7511
Fax: +65 6535 0775
Email: asksgx@sgx.com
Mon to Fri: 8.30am – 5pm
Sat: 9am – 12.30pm
PH Closed

Key Features of Singapore Savings Bonds

Key Features of Singapore Savings Bonds:

We take a closer look at key features of Singapore savings bonds for Singaporean retail investors in Singapore. These key features of Singapore savings bonds are explained in the Fact Sheet provided by the Monetary Authority of Singapore.

Key Features of Singapore Savings Bonds:

(1) Principal guaranteed
You will always get your investment amount back in full - no capital losses.

(2) Invest for the long-term
You can invest for up to 10 years and earn interest that “step-up” or increases over time. The longer you hold your bond, the higher your return.

(3) Flexible redemption
You don’t have to decide upfront how long you want to be invested. Get your funds back within a month, with no penalty.

Other Key Features of Singapore Savings Bonds Details:

Eligibility
 Individuals only

Term
 10 years

Interest
 Paid every 6 months

 At issuance, rates are fixed based on the prevailing SGS yields and locked in for each issue

Issuance
 Monthly

Redemption
 Monthly, with no penalty
 Principal and any accrued interest will be paid

Investment amount
 Minimum of $500, and subsequent multiples of $500 up to a cap to be announced

Non-tradable
 Savings Bonds are non-marketable securities and cannot be bought or sold in the secondary market

3 Benefits of Singapore Savings Bonds

3 Benefits of Singapore Savings Bonds

We look at 3 benefits of Singapore Savings Bonds today in 2015.

Singapore savings bonds are a new class of investment for retail purchase to meet the investment needs of Singaporeans. You should be conversant with the three benefits that this new Singapore Savings Bonds aims to meet. What are the benefits of investing in Singapore Savings Bonds? What valuable take-away is there for retail investors keen to purchase Singapore savings bonds?


The 3 Benefits of Singapore Savings Bonds are:

According to the Fact Sheet provided by the Monetary Authority of Singapore, here are three benefits of Singapore savings bonds.

(1) Saving for retirement

Savings Bonds are a safe and flexible option to maintain the value of your nest egg.

(2) Setting money aside for “rainy days”

You can earn step-up interest on your savings until you need the money.

(3) Diversifying your investments

Savings Bonds can help you diversify risks and achieve an efficient portfolio.

So there you have the 3 benefits of Singapore savings bonds.

Singapore Savings Bonds Interest

Singapore Savings Bonds Interest

What are the latest Singapore Savings Bonds interest rates? How much interest can you earn by investing in Singapore Savings Bonds? Interest rates are good enough for Singaporeans to invest in them?

Singapore Savings Bonds interest rates will be made known at the start of each series of Singapore savings bonds launch.

If you hold Singapore Savings Bonds for the entire duration of ten years, you can expect to collect interest payment equivalent to the 10-year Singapore Government Securities (SGS) bonds.

As of last week, the yield (annual interest payment) of 10-year SGS bonds are listed below:

22 May 2015 = 2.34 %p.a.

25 May 2015 = 2.37 %p.a.

26 May 2015 = 2.35 %p.a.

27 May 2015 = 2.43 %p.a.

28 May 2015 = 2.43 %p.a.

29 May 2015 = 2.42 %p.a.

Singapore Savings Bonds interest rates will be lower if you withdraw your principal before the 10-year maturity.

All Singapore savings bonds interest payments will be paid out at regular 6-monthly intervals.