As you could see from above, the effective interest rate for Singapore Savings Bonds (SSB) January 2025 (SBJAN25 GX25010E) is 2.86% if you held it for 10 years. The interest rates had been recovering slightly since it dipped to its 12 months low of 2.56% (SBNOV24).
Singapore Savings Bonds are low risk investments, thus making them a popular investment option among risk-averse investors looking to grow their savings over time.
What are Singapore Savings Bonds?
Singapore Savings Bonds are a type of government bond issued by the Monetary Authority of Singapore that offers individuals a safe and flexible way to save money. These bonds have a low minimum investment amount, starting at just $500, and offer a higher interest rate than traditional savings accounts.
Investors can purchase Singapore Savings Bonds directly from the government and hold them for up to 10 years, earning regular interest payments along the way.
Singapore Savings Bonds Calculator
Monetary Authority of Singapore (MAS) had come up with a Singapore Savings Bonds calculator which you can use to calculate how much interest you would earn if you held Singapore Savings Bonds Jan 2025 for 10 years.
Let us use an investment of S$10,000 as an example. If you purchase SSB Singapore (SBJAN25 GX25010E) and held it for 10 years, you will receive a total earning of S$2,870.25. You will receive an estimate of S$272 per year until maturity in January 2035 depending on the interest rate for that year.
Below is the interest per year for Singapore Savings Bonds January 2025.
| Year from issue date | Interest % | Average return per year %* |
| 1 | 2.73 | 2.73 |
| 2 | 2.82 | 2.77 |
| 3 | 2.82 | 2.79 |
| 4 | 2.82 | 2.80 |
| 5 | 2.82 | 2.80 |
| 6 | 2.85 | 2.81 |
| 7 | 2.90 | 2.82 |
| 8 | 2.95 | 2.84 |
| 9 | 2.99 | 2.85 |
| 10 | 3.01 | 2.86 |
*At the end of each year, on a compounded basis.
How to Buy Singapore Savings Bonds
To buy Singapore Savings Bonds, you first need to have an individual CDP account with the Central Depository (CDP). You can apply for the bonds through ATMs of participating banks, internet banking services, or through the DBS/POSB, OCBC, or UOB websites. Simply log in to your bank account and follow the instructions to subscribe to the bonds.
The minimum amount you can invest in Singapore Savings Bonds is $500, and you can apply for up to $200,000 worth of bonds in each issue. The bonds are issued monthly, and the interest rates are adjusted every year. Once you have successfully subscribed to the bonds, you will receive your interest payments twice a year, with the principal amount being repaid at the end of the bond’s 10-year tenure.
For more details, refer to How to Buy.
How to Sell Singapore Savings Bonds
To sell Singapore Savings Bonds, you can do so through the ATMs of participating banks, such as DBS/POSB, OCBC, and UOB. Simply log in to your bank account through the ATM and follow the instructions to sell your bonds.
You can also sell your Singapore Savings Bonds through SRS Operator if you hold them under the Supplementary Retirement Scheme.
For more details, refer to How to Redeem.
How To Track Singapore Savings Bonds?
To track your Singapore Savings Bonds, you can visit the official website of the Monetary Authority of Singapore (MAS) where they provide regular updates on the issuance and performance of the bonds.
I use Stocks Café to track my SSB Singapore purchases. If you like to know more about Stocks Cafe, please read up my previous review of Stocks Cafe.