The SSB August 2026 issue pays 1.46% in year one and a 2.06% average over 10 years. The first-year rate is unchanged from July, but the 10-year average slipped from 2.11% to 2.06%, so the long end got slightly worse. Still the kind of rate you lock in and forget, not one that beats a good short-term cash option today.
Applications close 28 July, 9pm. New to SSBs and not sure how they work or how to apply? Start with my full SSB guide. This post is the monthly read on whether this issue is worth it.
My personal view, not financial advice. Some links may earn me a referral commission.
Investing involves risk, past performance doesn’t guarantee future results, and you should do your own research. While efforts are made to ensure the accuracy of content at the time of publication, I am not responsible for any errors, omissions, or outdated information.
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August 2026 SSB Interest Rates & Issue Details
Year one pays 1.46%; the 10-year average is 2.06%. First-year is flat versus July, the 10-year average is down 0.05%. Hold to maturity and the rate steps up each year, from 1.46% in year one to 2.72% by year ten, which is how you get to that 2.06% average.
- Issue code: SBAUG26 (GX26080T)
- Amount offered: S$300 million
- Opening: 1 July 2026, 6pm
- Closing: 28 July 2026, 9pm
- Allotment: 29 July 2026
- Issue date: 3 August 2026
- Maturity: 1 August 2036
- First payment: 1 February 2027
- Interest paid: Every six months on 1 February and 1 August
August 2026 SSB Results
- Total amount applied: S$196.6 million
- Within individual allotment limits: S$179.4 million
- Total amount alloted: S$179.4 million
- Quantity ceiling: –
How This SSB Issue Compares
One glance at the history tells you what the number alone can’t: the 1.46% first-year rate sits near the bottom of the last ten years. Buy in 2023 or 2024 and you’d have locked in over 3% like I did; this issue is less than half that on the first year. The only clearly worse stretch was the 2020 to 2021 floor, when first-year rates dipped below 0.5%.
So 2.06% isn’t a bargain. It’s a quiet, capital-safe rate in a low-rate month, and the small dip in the 10-year average this month doesn’t change that picture. Whether it’s “good” depends entirely on what you’d do with the cash instead.
My Take: Invest Or Skip?
I’m skipping this one, same as last month.
A 10-year average of 2.06% sits well below the 3% line I use as my hold-or-redeem mark, and it actually ticked down from July. I locked in my SSB allocation back when issues were yielding above 3%, so a 1.46% first-year rate does nothing for me now.
If you’re parking idle cash rather than locking it away, a couple of other options are worth considering, each with a different trade-off:
- Higher returns: Chocolate Finance is paying around 2% right now, but unlike SSB’s locked rate, that’s a target return on a managed product, not a guarantee.
- Balancing cash-like safety and liquidity: Mari Invest SavePlus sits lower on yield, but behaves more like a money-market parking spot.
I have reviewed both in full at those links.
If you want a 10-year, capital-safe place to lock funds and 2.06% works for your plan, the option is open until the 28th.
Recycling older SSB issues?
The decision comes down to yield and runway.
- If you’re holding an issue from the low-rate years (2020 to 2021, first-year rates below 0.5%), this one is a clear upgrade, and SSBs redeem at par so switching costs nothing.
- If you locked in during the 2022 to 2024 stretch above 3% like I did, hold what you’ve got, because this issue is a step down. That’s my situation, not advice.
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Holding Singapore Savings Bonds across several issues and losing track of what you bought at what rate? That StocksCafe view above is how I keep tabs on mine.
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Kevin started Turtle Investor after hitting rock bottom at negative $25,755 net worth. Today, his monthly alternative income pays for all his daily expenses. He shares what actually works (and what doesn’t) for Singaporeans building wealth. Learn more about Kevin here.
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