Investing in Savings Bonds

Apply for Savings Bonds through local banks' internet banking and ATMs, or through your SRS operator. Find out the steps for applying.

How to Buy

How to Apply via the ATM

How to Apply via Internet Banking

Key details

Who can apply Individuals, including non-residents. You need to be at least 18 years old to open a CDP account.
Ways to apply

Note: CPF funds are not eligible for Savings Bond purchases.

Investment amount
  • Minimum of $500, and subsequent multiples of $500.
  • Maximum individual investment limit: $200,000.
Frequency of issuance A new bond is issued every month. Check out this month's bond or view the issuance calendar for the year.
Application period
  • Opens at 6pm on the 1st business day of the month.
  • Closes at 9pm on the 4th last business day of the month.
  • Operating hours: 7am to 9pm, Monday to Saturday (excluding Public Holidays).
Fees $2 non-refundable transaction fee for each application.

4 Steps to Your First Savings Bond

1. What You Will Need

For Cash Applications

You will need:

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.

2. Apply Via ATMs or Internet Banking Portals

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.
3. Check the Results

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.

4. Receive Your Interest Payments

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).