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Singapore Savings Bonds Historical Interest Rates

Singapore Savings Bonds are safe and flexible bonds for individual investors. Enjoy returns that increase over time and redeem in any month without penalty.

Savings Bonds are a special type of Singapore Government Securities (SGS) with these features that make them suitable for individual investors:

  • Safe : Savings Bonds are backed by the Singapore Government. In addition, you can always redeem your bonds in exchange for the amount invested, i.e. no capital losses.
  • Long-term : You can invest for up to 10 years and earn interest that increases over time. The longer you hold your bond, the higher your return.
  • Flexible : You don’t have to decide at the start how long you want to hold your Savings Bonds. You can get your funds back within a month, with no penalty.
  • No capital losses : SSBs are non-tradable securities which protect individuals from capital losses.

By the way, if you have ever wondered about the following questions –

  • How is the Singapore Savings Bonds yield determined?
  • Want to know how much interest you’ll earn each year?
  • Thinking of redeeming your Savings Bond before it matures?

Check out this companion post : Read These 37 Things To Become An Expert On The Singapore Savings Bonds which shares tips and knowledge such as the SSB Calculator by MAS that you see below!

Historical interest rates are listed below.

Historical rates from October 2015 to 2023

DateFirst Year
Interest
Average 10 Years
Returns
Subscription
Rate
Ceiling
Oct 20150.96%2.63%
Nov 20151.18%2.78%
Dec 20151.15%2.44%
Jan 20161.21%2.58%
Feb 20161.00%2.50%
Mar 20161.09%2.44%
Apr 20161.04%2.19%
May 20160.97%2.09%
Jun 20160.90%1.94%
Jul 20160.93%2.06%
Aug 20160.89%2.03%
Sep 20160.87%1.75%
Oct 20160.84%1.79%
Nov 20160.77%1.79%
Dec 20160.87%1.87%
Jan 20170.91%2.18%
Feb 20171.05%2.44%
Mar 20171.04%2.38%
Apr 20171.02%2.27%
May 20171.00%2.32%
Jun 20171.02%2.16%
Jul 20171.04%2.12%
Aug 20171.05%2.06%
Sep 20171.15%2.12%
Oct 20171.19%2.13%
Nov 20171.21%2.07%
Dec 20171.26%2.16%
Jan 20181.32%2.13%
Feb 20181.55%2.04%
Mar 20181.42%2.11%
Apr 20181.42%2.31%
May 20181.65%2.39%
Jun 20181.68%2.43%
Jul 20181.72%2.63%
Aug 20181.78%2.57%
Sep 20181.75%2.44%
Oct 20181.74%2.42%
Nov 20181.80%2.48%
Dec 20181.89%2.57%
Jan 20192.01%2.45%
Feb 20191.98%2.20%
Mar 20191.95%2.18%
Apr 20191.96%2.16%
May 20191.95%2.16%
Jun 20191.88%2.13%
Jul 20191.93%2.16%
Aug 20191.68%2.01%
Sep 20191.65%1.95%
Oct 20191.64%1.75%
Nov 20191.62%1.74%
Dec 20191.56%1.71%
Jan 20201.52%1.76%
Feb 20201.54%1.75%
Mar 20201.43%1.71%
Apr 20201.46%1.63%
May 20200.96%1.39%
Jun 20200.57%1.05%
Jul 20200.30%0.80%
Aug 20200.27%0.93%
Sep 20200.24%0.88%
Oct 20200.26%0.90%
Nov 20200.23%0.91%
Dec 20200.24%0.87%
Jan 20210.27%0.90%
Feb 20210.32%0.89%
Mar 20210.28%0.97%
Apr 20210.35%1.15%
May 20210.37%1.56%
Jun 20210.38%1.61%
Jul 20210.36%1.53%
Aug 20210.34%1.50%
Sep 20210.35%1.43%
Oct 20210.35%1.39%
Nov 20210.34%1.45%
Dec 20210.41%1.71%
Jan 20220.45%1.78%
Feb 20220.52%1.64%
Mar 20220.59%1.79%
Apr 20220.71%1.91%
May 20220.86%2.09%0.9x$200,000
Jun 20221.43%2.53%2.6x$15,000
Jul 20221.69%2.71%2.2x$18,000
Aug 20222.00%3.00%3.5x$9.000
Sep 20222.63%2.80%2.1x$13,000
Oct 20222.60%2.75%1.2x$42,000
Nov 20223.08%3.30%2.4x$10,000
Dec 20223.26%3.47%1.7x$14,000
Jan 20232.95%3.26%1.0x$172,500
Feb 20232.84%2.97%0.6x$200,000
Mar 20232.76%2.90%0.4x$200,000
Apr 20233.01%3.15%

Here’s another helpful tip for you – the Monetary Authority of Singapore has a very useful SSB Portal that lists all relevant Singapore Savings Bonds information for you after logging in via SingPass.

Sample Information via the MAS SSB Portal

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