Singapore Savings Bonds: Who Qualifies and What You Get
Learn about the Singapore Savings Bonds, a low-risk investment option with increasing interest rates for eligible individuals.
Singapore Savings Bonds are a low-risk investment option designed to help individuals grow their wealth through interest payments.
Who it's for
To qualify for this scheme, you must be an individual who is at least 18 years of age. You must also have a CDP account to participate in the bond offerings.
What you get
This scheme provides a safe, low-risk way to invest your money. The main benefit is the way interest is paid: the interest rate you receive is structured to step up over time. This means that as you hold the bonds for a longer period, the interest rate increases, helping your investment grow steadily.
What it costs you
There is a small transaction fee applied to each application you make. You should check the official portal for the current amount required for this fee.
The catch to know
There is a limit on how much money you can have invested in this scheme. You cannot hold more than a specific maximum amount in SSB at any one time. Please consult the official website to confirm the current maximum holding limit allowed for your account.
How to apply
- Ensure you are at least 18 years old and possess a CDP account.
- Visit the official portal to review the current bond details.
- Complete the application process through the provided digital channels.