How do you compare Singapore Savings Bonds interest rates effectively? Many investors love Singapore Savings Bonds (SSBs) because of their flexibility and low risk, but one of the biggest advantages is the ability to redeem any past SSBs you have purchased—at any time—without waiting for the full 10‑year maturity. This flexibility becomes especially valuable when you want to compare Singapore Savings Bonds interest rates across different issues and switch to a newer bond offering higher returns.
If you have been following SSBs closely, you will know that certain issues stand out for their exceptional yields. For example, the issue SBDEC22 (GX22120S) reached an all‑time high with a 10‑year average return of 3.47% if held to maturity. Even the average annual return over the full 10 years exceeds 3.26%. When you compare Singapore Savings Bonds interest rates across the past few years, this issue clearly ranks among the most attractive options available to retail investors seeking safe, government‑backed returns.
Naturally, the next question is: which existing SSBs in your portfolio should you redeem? If you have accumulated multiple issues over time, each with different step‑up interest structures, it becomes important to compare Singapore Savings Bonds interest rates year by year. By doing so, you can identify which older bonds are underperforming and decide whether it makes sense to redeem them and reinvest the funds into a newer issue with higher annual interest rates.
The good news is that the Monetary Authority of Singapore (MAS) has made it extremely easy to compare Singapore Savings Bonds interest rates directly on the official SSB portal. The comparison tool allows you to place different SSB issues side by side and examine their step‑up interest rates across all 10 years. Instead of manually checking each bond or guessing which one offers better long‑term value, you can now make data‑driven decisions with just a few clicks.
To help you get started, I have compiled a simple, step‑by‑step guide showing exactly how I compare Singapore Savings Bonds interest rates using the MAS portal. This guide will walk you through the process, highlight what to look out for, and show you how to interpret the interest rate tables so you can confidently decide which bonds to redeem and which new issue to subscribe for.
Compare Singapore Savings Bonds Interest Rates
Step 1: Navigate to Singapore Savings Bonds portal. Click on the login button which will redirect you to Singpass for authentication.
Step 2: Using the Singpass application on your mobile phone, scan the QR code to login. Alternatively, you can use the password to login.
Step 3: Once you have successfully login to the Singapore Savings Bond Portal, you will be directed to the Investment Summary page which shows the total investments you have made on Singapore Savings Bonds.
From the menu, select My Portfolio.
Step 4: The page will show all the issuance of Singapore Savings Bonds you have previously bought. I will look at Average 10Y Interest Rate to identify which bond has a lower interest rate than the latest issue of Singapore Savings Bonds. Tick the checkbox beside the Name.
Step 5: Scroll down to the bottom of the page where you will find the Compare button. Click on the Compare button.
Step 6: You will be presented with a 10 year bar chart showing the yearly interest % payout for the Singapore Savings Bonds you have selected from your portfolio and the latest issue of Singapore Savings Bonds.
A glance clearly shows that the payout for SBDEC22 is higher at 3.26% as compared to SBSEP17 at 2.23%.
As such, I will redeem SBSEP17. You should take note that the redemption money will only be paid in the next month and thus you probably will need to find spare cash elsewhere should you want to purchase the current issue of Singapore Savings Bonds.
Alternatively, you can wait for the next issuance SBJAN23 because the interest rate should not drastically be much difference. There is a way to predict the interest rate of the next issuance of Singapore Savings Bonds which I shall share in my upcoming post!