Singapore Savings Bonds (SSB) are government-backed bonds issued monthly by the Monetary Authority of Singapore (MAS). They offer retail investors a safe, flexible, and step-up interest rate product with no capital loss — you can redeem your investment any month.
Key Features
Feature
Detail
Issuer
Singapore Government (via MAS)
Minimum Investment
SGD 500
Maximum per Person
SGD 200,000
Tenure
Up to 10 years
Interest Payment
Every 6 months (Jan & Jul)
Early Redemption
Any month, no penalty
Risk
Capital guaranteed by Singapore Government
Credit Rating
AAA (Singapore sovereign)
Latest Issue — SBJUN26GD (2026-06)
Data source: MAS historical records (hardcoded, up to Apr 2026)
Year
Interest Rate (p.a.)
Year 1
2.66%
Year 2
2.70%
Year 3
2.70%
Year 4
2.70%
Year 5
2.70%
Year 6
2.70%
Year 7
2.70%
Year 8
2.70%
Year 9
2.70%
Year 10
2.70%
| 10-Year Average | 2.70% |
10-Year Return Projection (per SGD 10,000 invested)
Metric
Value
Principal
SGD 10,000
Total Interest (10 yr)
SGD 2,696.00
Total Return
26.96%
Average Annual Return
2.70%
Note: SSB pays simple interest on the original principal every 6 months. Interest is not compounded.
Historical 1st-Year Interest Rates (Last 24 Months)
Issue Month
Bond ID
Year 1 Rate
5-Year Avg
10-Year Avg
Jun 2026
SBJUN26GD
2.66%
2.69%
2.70%
May 2026
SBMAY26GD
2.68%
2.71%
2.72%
Apr 2026
SBAPR26GD
2.70%
2.73%
2.74%
Mar 2026
SBMAR26GD
2.72%
2.75%
2.76%
Feb 2026
SBFEB26GD
2.73%
2.76%
2.77%
Jan 2026
SBJAN26GD
2.74%
2.77%
2.78%
Dec 2025
SBDEC25GD
2.75%
2.78%
2.79%
Nov 2025
SBNOV25GD
2.76%
2.79%
2.80%
Oct 2025
SBOCT25GD
2.78%
2.81%
2.82%
Sep 2025
SBSEP25GD
2.80%
2.83%
2.84%
Aug 2025
SBAUG25GD
2.82%
2.85%
2.86%
Jul 2025
SBJUL25GD
2.83%
2.86%
2.87%
Jun 2025
SBJUN25GD
2.84%
2.87%
2.88%
May 2025
SBMAY25GD
2.85%
2.89%
2.90%
Apr 2025
SBAPR25GD
2.89%
2.92%
2.93%
Mar 2025
SBMAR25GD
2.94%
2.94%
2.94%
Feb 2025
SBFEB25GD
2.97%
2.97%
2.97%
Jan 2025
SBJAN25GD
2.97%
2.97%
2.97%
Dec 2024
SBDEC24GD
3.01%
2.98%
2.97%
Nov 2024
SBNOV24GD
3.07%
3.01%
3.00%
Oct 2024
SBOCT24GD
3.22%
3.12%
3.10%
Sep 2024
SBSEP24GD
3.30%
3.19%
3.16%
Aug 2024
SBAUG24GD
3.26%
3.16%
3.14%
Jul 2024
SBJUL24GD
3.33%
3.21%
3.18%
Rate Summary
Metric
Value
Current 1st-Year Rate
2.66%
Year-on-Year Change
-0.18%
Highest 1st-Year Rate (in dataset)
3.55% — 2023-10
Lowest 1st-Year Rate (in dataset)
2.66% — 2026-06
Current 10-Year Average
2.70%
How to Apply
Via DBS/POSB/OCBC/UOB internet banking or ATMVia CDP account linked to any of the above banksApplications open on the 1st business day of each month and close 4 business days before month-end
Allotment is on a balloting basis if oversubscribed (excess is refunded)
Comparison with Other SGD Instruments
Instrument
Approx. Rate
Liquidity
Risk
SSB (latest issue)
2.66% yr1 / 2.70% avg
Monthly redemption
Zero (AAA)
CPF OA
2.50%
Restricted
Zero
CPF SA
4.00%
Restricted
Zero
Bank Fixed Deposit (12-month)
~2.50–3.00%
Locked until maturity
Negligible
SGS T-bills (6-month)
~3.00–3.20%
Secondary market
Negligible
Data Source & Methodology
Interest rate data: MAS eServices API / MAS website
Returns computed as simple interest on principal (SSB does not compound interest)
Historical rates from January 2023 to April 2026
To refresh data, run: python3 scripts/fetch_ssb_data.py
Singapore Savings Bonds SSB Fixed Income Government Bonds Interest Rate MAS