- Before you apply
For cash applications, you will need:
- A bank account with DBS/POSB, OCBC or UOB. If you don’t already have an account, 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.
For SRS applications (available from 1 Feb 2019), you will need:
- A SRS account. If you don’t already have a SRS account, visit one of the three SRS operators (DBS/POSB, OCBC or UOB) to open a SRS account.
Your SRS operator is the custodian for Savings Bonds purchased with SRS funds.
- Apply through ATMs or Internet Banking Portals
Cash Applications: via ATMs or internet banking portals
Apply through DBS/POSB, OCBC and UOB ATMs and internet banking portals, 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.
SRS Applications: via internet banking portals
Apply through the internet banking portal of your SRS operator (DBS/POSB, OCBC and UOB). SRS funds will be locked, or earmarked, at the point of application. Please note that you will not be able to apply for SSB over the bank counters in person.
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.
- 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. If you invested in Savings Bonds 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 in Savings Bonds 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 may wish to use the SSB portal to keep track of your combined holdings of Savings Bonds (from March 2019).
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 (cash applications) or your SRS account (SRS applications).
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 (cash applications) or SRS statements (SRS applications).