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Singapore Savings Bonds Issue December 2022

The latest Singapore Savings Bonds yields 3.26% for 1 year and 3.58% for the 10th year, giving us a 10 year average yield of 3.47%. The interest rates are paid every 6 months.

It is interesting to note that this is the highest 1st to 9th year interest rate since the inception of SSB. The long term is looking really good too. Really attractive.

Alternatively, Cash Management solutions like Endowus Cash Smart (Core: 2.6-2.8%, Enhanced: 3.6% to 3.9%) could be a better idea for those looking to have a balance of liquidity and interest rates (note that Enhanced and Ultra have some minor volatility). Withdrawals are in shorter 3-5 business days unlike the Singapore Savings Bonds.


Application/Withdrawal period is from the 1st Business Day of the Month to the 4th last Business Day of the Month.

You will receive the bonds/money on the 1st Business Day of the next month.

The fee is $2 for application/withdrawal for any sum in multiples of $500.

This bond is a AAA bond backed by Singapore government (very safe).

You can invest it with cash or your Supplementary Retirement Scheme (SRS) account, with a total of $200,000 maximum invested, starting with a minimum of $500.

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