The Monetary Authority of Singapore has opened the Singapore Savings Bond (SSB) application and released details of the issue. The government of Singapore issues these bonds, which are a type of government security that offers investors safety, competitive returns and many other benefits.
The SSB bond is one of the government securities that allows investors to return the invested amount. Investors looking forward to participate in Singapore Savings bond can check issue details, application and other relevant details here.
SSB February 2025
The Singapore government offers low-risk and reliable investments where investors can get their invested amount back without losing their capital. Singapore Savings Bonds is one of the savings bonds, which is designed for individual investors who are looking for long-term safer investments.
As we enter 2025, the Monetary Authority of Singapore has launched the Singapore Savings Bond for enrollment in February 2025. The SSB allows investors to invest an amount for 10 years, where interest rates increase over time, meaning the longer you hold, the higher returns you get.
The SSB bond is open for registration on January 2, 2025, investors interested in registering the bond should register before January 24, 2025 at 9:00 p.m. The redemption and issuance of the bonds will take place by February 3, 2025. According to the issue details, the issue will be awarded after 3:00 p.m. on January 27, 2025.
| State security | Singapore Savings Bonds, February 2025 |
| Application dates | January 2, 2025 to January 24, 2025 |
| Release code | GX25020H |
| Naming Convention | SBFEB25 GX25020H in your CDP statement |
| Mandate | 10 years (approx.) |
| Date of issue | February 3, 2025 |
| Maturity date | February 1, 2025 |
| SSB date of allotment | January 27, 2025 after 3 p.m |
| Bond redemption | February 3, 2025 |
How do Singapore Savings Bonds work?
Investors planning to invest in SSB should first understand how SSB’s sovereign security works and operates. According to MAS, bonds have two things that every investor should know to understand the bonds that the government regularly issues every month:
- The SSB interest rate is the compounding rate that will increase if you hold them for a longer term. Bonds even come with incentives when you hold the bond for the long term, although the bond allows participants to withdraw their investment at any time without any penalties.
- Allotment of SSBs: When you subscribe to SSBs, with the amount of investment you want to invest, so in case you invest too much, SSB allotment system then comes into play. According to MAS, the method distributes bonds in multiples of S$500 to each subscriber. Allocation continues until the investor receives the full amount applied for, thus maintaining a fair distribution among applicants.
Who can apply for SSB February 2025?
According to MAS, people who meet the following conditions can buy Singapore Savings Bonds:
- People over the age of 18 can invest in SSBs.
- People should have a bank account at any three local banks and an individual CDP securities account to apply for savings bonds.
SSB Interest rates for February 2025
Investors looking forward to subscribing to SSB must be wondering about its interest rate and average return on investment over the next 10 years. According to SSB’s February 2025 issue details, the average 10-year rate of return is 2.82%, while the first-year rate of return is 2.76%.
Investors can check the interest rate for each year and the average rate of return for each year from the following table:
| Year from date of issue | Interest rate | Avg. Return for each year % |
| 01 | 2.76% | 2.76% |
| 02 | 2.78% | 2.77% |
| 03 | 2.78% | 2.77% |
| 04 | 2.78% | 2.77% |
| 05 | 2.78% | 2.78% |
| 06 | 2.80% | 2.78% |
| 07 | 2.84% | 2.79% |
| 08 | 2.87% | 2.80% |
| 09 | 2.89% | 2.81% |
| 10 | 2.91% | 2.82% |
SSB, February 2025 Investment amount and payment dates
According to details of the MAS release, the amount offered in the bond is S$500 million, whereby if the total number of qualifying subscriptions is less than the maximum amount given, the total amount awarded may be lower.
The minimum investment amount offered in SSB February 2025 is $500 and can be invested in multiples of $500. Investors should remember that the total amount they can hold at any one time cannot exceed the limit of USD 200,000.
If you invest in SSB February 2025, the interest payment date will be 1st August 2025 as it will offer payment every 6 months, therefore the first payment will be made in August and the next payment will be on 1st February. Investors should be aware that if the maturity date, issue date, settlement date or redemption date falls on a day when the electronic payment system is down, investors will receive payment on the next business day.
How to apply for SSB February 2025?
Interested parties can apply for SSB February 2025 through DBS/ POSB, UOB and OCBC ATMs or online banking portals, OCBC mobile cash apps; or through the internet banking portal of the operator of additional pension insurance/SRS if they use the SRS fund.
To complete your February 2025 SSB application you will need a CDP account (cash applications) or SRS account (SRS applications), and remember that CPF funds are not eligible for SSB applications.
The application fee for the SSB application is $2, and you can complete applications in any way that suits you during business hours (7am to 9pm). SSB aspirants can check the subscription result on 27th January 2025 allotment day from MAS official website
The February 2025 Singapore Savings Bonds are open for subscription, interested investors can apply with cash or SRS funds via an ATM or online banking portal before the deadline on 24 January 2025 at 9pm.
