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Eligibility
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Only individuals aged 18 years and above
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Issuer
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Singapore Government
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Term
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10 years
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Interest rates
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Based on the average interest rates of benchmark SGS the month before, and may be adjusted to maintain the “step-up” feature if market conditions do not allow it
Note: At issuance, interest rates for the entire 10-year term are fixed and locked in for each issue
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Interest payments
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Every 6 months after issuance
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Investment amount
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Minimum per bond: $500
Maximum per bond: $50,000
Maximum individual holding: $100,000
Note: Investment sum should be in multiples of $500
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Issuance
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A new Savings Bond will be issued every month
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Redemption
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Redeem in any month before the bond matures, with no penalty for exiting the investment early. Accrued interest on the redemption amount shall be paid.
Note: Redemption amounts must be in multiples of $500
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Tax
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Exempt from tax
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Non-transferable
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Investors cannot transfer ownership of their Savings Bonds to another person except in specific situations such as following the investor's death. This means that the bonds cannot be bought or sold to someone else or traded on SGX like conventional bonds or shares. Savings Bonds cannot be pledged as collateral.
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