For Cash Applications

You will need:

• A bank account with DBS/POSB , OCBC  and UOB . Open a bank account online or visit any of the banks' branches in Singapore to open an account.
• An individual CDP Securities account with Direct Crediting Service activated. This allows interest payments from your Savings Bonds to be credited directly into your bank account.

CDP is the custodian for Savings Bonds bought with cash. It will process applications, interest payments and redemptions.

For SRS Applications

You will need an SRS account. If you don't already have an SRS account, visit one of the three SRS operators (DBS/POSB , OCBC  and UOB ) to open an SRS account.

Your SRS operator is the custodian for Savings Bonds bought with SRS funds.

A new Savings Bond is issued on the 1st business day of each month. You can apply using either cash or SRS funds.

Cash Applications: Via ATMs or Internet Banking Portals

Apply through DBS/POSB , OCBC and UOB internet banking or ATMs, 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 internet banking account at the point of application.

A non-refundable $2 transaction fee will be charged by the bank for each application request.

SRS Applications: Via Internet Banking Portals

Apply through the internet banking portal of your SRS operator. SRS funds will be locked, or earmarked, when you apply.

A non-refundable $2 transaction fee will be charged by the bank for each application request.

Note:

• You cannot apply for Savings Bonds in person at the bank counters. 
• Once submitted, application requests cannot be amended or cancelled.

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 our website after 3pm on Allotment Day.

Savings Bonds will be issued on the 1st business day of the following month.

If you invested using cash, 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. 

If you invested using SRS funds, you will be notified by your SRS operator via mail of the amount of Savings Bonds allotted to you. You can also check your holdings of Savings Bonds with your SRS operator.

Alternatively, you can log in to the My Savings Bonds portal to check and keep track of all your Savings Bonds holdings.

Refunds for Partially Filled Applications

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.

You can check the amount refunded in the bank account you used for the application.

Note: The $2 transaction fee charged by the bank is not refundable.

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 (cash applications).
• Your SRS account (SRS applications).

Interest will be paid every 6 months after that, on the 1st business day of the month. The interest payments will be reflected in:

• Your CDP statements (cash applications).
• SRS statements (SRS applications).