The SSB November 2026 issue pays 1.67% in year one and a 2.45% average over 10 years. The first-year rate barely moved. The 10-year average rose for a third issue in a row. It is now 0.05% short of the 2.5% line I watch.
Applications close 27 October, 9pm. Start with my full SSB guide if you are new to SSBs and not sure how they work or how to apply. 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made to ensure the accuracy of content at the time of publication, I am not responsible for any errors, omissions, or outdated information.
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Nov 2026 SSB Interest Rates & Issue Details
Both rates are up from October (1.65% and 2.32%). Held to maturity, the coupon steps up from 1.67% in year one to 3.08% in year ten.
- Issue code: SBNOV26 (GX26110X)
- Amount offered: S$400 million
- Opening: 1 October 2026, 6pm
- Closing: 27 October 2026, 9pm
- Allotment: 28 October 2026
- Issue date: 2 November 2026
- Maturity: 1 November 2036
- Interest paid: Every six months on 1 May and 1 November
- First payment: 1 May 2027
How This SSB Issue Compares
The 10-year average of 2.45% is the highest since July 2025, when it was 2.49%. It has climbed from 2.06% in August. The first-year rate of 1.67% was last beaten in September 2025.
Both are still below the 2023 to 2024 issues. Many of those averaged above 3% over 10 years, including the five I bought in that stretch.
Does a 2.45% average change anything for me?
My Take: Invest Or Skip?
I am skipping this one again.
I judge each issue on its 10-year average, because that is the rate I commit to for a decade. I check each issue against the two lines in this table.
| Potential Action | 10-Year Average | Nov 2026 Issue (2.45%) |
|---|---|---|
| Add fresh money | 2.50% (my requirement) | 0.05% short |
| Recycle older tranches | 3.26% to 3.47% (my six tranches) | 0.81% short of my lowest |
Last month I said I would start paying real attention if the average crossed 2.5%. It came close, but it did not cross. If December’s issue crosses it, I will look at it for fresh money.
For cash I want to keep liquid, the first two years matter more than the 10-year average. Year one pays 1.67%, above Singlife’s current 1.5%. Year two pays 2.00%, level with what Chocolate Finance pays now (2.0%). The difference is that SSB locks those rates in. The other two are target returns that can change. I use three options, listed highest yield first:
- Higher target return, fully liquid: Chocolate Finance. You can withdraw any time.
- Middle of the pack, zero effort: Singlife Account. No lock-in and no hoops to clear.
- Cash-like safety and liquidity: Mari Invest SavePlus. It pays less and works like a money market fund.
I go deeper into how I split my own cash across these options, and where SSB fits, in my latest cash strategy.
Recycling older SSB issues?
The call comes down to yield and runway. SSBs redeem at par, so switching costs nothing.
- If you hold a 2020 to 2021 issue with a first-year rate below 0.5%, a 2.45% average is a clear upgrade.
- My six tranches date from December 2022 to July 2024. Going by my next payouts, they pay between 3.21% and 3.58% a year right now. Year ten of this issue pays 3.08%, below all of them, so I am holding everything. That is my situation, not advice.
Track Assets & Project Passive Income
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.
StocksCafe tracks your SSB holdings alongside the rest of your portfolio, and my readers get 1 month free with code stockscafeturtle.
If you want to know exactly how much you will receive annually by investing in SSBs, use my Passive Income Calculator to find out the answer in seconds.
Learn more about cash management
- Cash Strategy: Where I Park My Funds Without Chasing Rates
- Cash Management In Singapore – The Complete Guide
- Singapore Savings Bonds – Complete Guide
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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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