How to buy

4 simple steps to your first Savings Bond

  1. Before you apply

    You will need:

    • A bank account with DBS/POSB, OCBC or UOB. Visit any of the three local banks’ branches in Singapore to open a bank account.
    • An individual CDP Securities account linked to any of your bank accounts through direct crediting service (DCS).

    CDP is the custodian for Savings Bonds and will process applications, interest payments and redemptions. Visit CDP's webpage for information on opening your CDP Securities account.

  2. Apply through ATMs or Internet Banking

    ATMs or iBanking

    Apply through DBS/POSBOCBC and UOB ATMs and Internet Banking, and OCBC's mobile application. Please have your CDP account number with you when you apply. Money will be deducted from the bank account tied to your ATM card or selected ibanking account at the point of application.

    Please note that you will not be able to apply over the bank counters in person.

    Application period

    Applications are open from the 1st business day* till the 4th last business day of each month, 7am to 9pm Mondays to Saturdays (excluding Public Holidays).

    *On the 1st business day of the month, applications will be open from 6pm to 9pm.

    Keep track of the important dates through our SSB calendar.

    $2 transaction fee

    A non-refundable transaction fee will be charged by the bank for each application request.

  3. After you apply

    MAS will allot the new Savings Bond among applicants on the 3rd last business day of the month (called the "Allotment Day"). The application results will be available on the Announcements page after 3.00pm on Allotment Day.

    Should the total amount of applications exceed the amount on offer in a particular month, you may not get the full amount you applied for (why not?). The excess cash will be refunded to you by the end of the 2nd last business day of the month.

    Savings Bonds will be issued on the 1st business day of the following month. You will be notified by CDP via mail of the amount of Savings Bonds allotted to you. You can also check your holdings online through the CDP Internet service or by calling CDP at 6535-7511. 

  4. Receive your interest

    You will receive the first interest payment 6 months after the bond is issued. Interest will be automatically paid into the bank account that is linked to your CDP account.

    Interest will be paid every six months after that, on the 1st business day of the month. The interest payments will be reflected in your CDP statements.

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