First Singapore Savings Bond Issue:
Details for first Singapore Savings Bond Issue are out on 1 September 2015. The first Singapore Savings Bond will be issued by Monetary Authority of Singapore on 1 October 2015.
First Singapore Savings Bond Issue:
Interest Schedule:
Year | Interest (%) | Average Annual Return (%)
1, 0.96, 0.96
2, 1.09, 1.02
3, 1.93, 1.32
4, 2.93, 1.71
5, 3.25, 2.01
6, 3.25, 2.20
7, 3.25, 2.34
8, 3.25, 2.44
9, 3.30, 2.53
10, 3.70, 2.63
Singapore Savings Bonds (SSB) can be applied in $500 multiples. The maximum for a single issue is $50,000.00.
Interest will be paid out twice a year, on April 1 and October 1, for as long as you keep the SSBs.
Applications for this bond will open at 6.00pm on 1 September 2015 and close at 9.00pm on 25 September 2015. Individuals may apply through DBS/POSB, OCBC and UOB ATMs or through DBS/POSB’s Internet Banking portal.
A $2 transaction fee will be charged for each application. This fee will not be refunded for unsuccessful or partially successful applications.
