Singapore Savings Bonds (SSB) Sep 2026: Year 1 (1.52%), 10-Year (2.25%) & Results

The SSB September 2026 issue pays 1.52% in year one and a 2.25% average over 10 years. Both rates ticked up from August, with the 10-year average climbing from 2.06% to 2.25%, the biggest month-on-month improvement in a while. Still below the 3% line from two years ago, but the long end is at least heading in the right direction.

Applications close 26 August, 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.

September 2026 SSB Interest Rates & Issue Details

Year one pays 1.52%; the 10-year average is 2.25%. Both are up from August (1.46% and 2.06% respectively). Hold to maturity and the rate steps up each year, from 1.52% in year one to 2.82% by year ten, which is how you get to that 2.25% average.

• Issue code: SBSEP26 (GX26090V)
• Amount offered: S$400 million
• Opening: 3 August 2026, 6pm
• Closing: 26 August 2026, 9pm
• Allotment: 27 August 2026
• Issue date: 1 September 2026
• Maturity: 1 September 2036
• Interest paid: Every six months on 1 March and 1 September
• First payment: 1 March 2027

September 2026 SSB Results

• Total amount applied: –
• Within individual allotment limits: –
• Total amount alloted: –
• Quantity ceiling: –

This section will be updated at the end of the month when MAS publishes the allotment results.

How This SSB Issue Compares

The chart puts 1.52% in context. It’s a clear step up from the sub-1.5% range we’ve been sitting in for the last couple of months, but still well below the 3%+ first-year rates from 2023 to 2024. The 2020 to 2021 floor (below 0.5%) remains the only period that was meaningfully worse.

The 10-year average at 2.25% is more interesting. It’s the highest we’ve seen in recent months, and edges closer to the kind of rate where locking in for a decade starts to feel less like settling. Whether it’s enough depends on what you’d do with the cash instead.

My Take: Invest Or Skip?

I’m skipping this one again.

The 10-year average climbed to 2.25%, which is a noticeable improvement from August’s 2.06%, and I can see the appeal if you’ve been waiting for rates to recover. But I locked in my SSB allocation back when issues were yielding above 3%, and the number I watch is the 10-year average, not the first-year rate. That’s the rate you’re committing to for a decade. At 2.25%, it’s moving in the right direction, but I’d start paying attention again if it crosses 2.5%.

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. You may also be interested in my latest cash strategy to park funds without chasing rates.

If you want a 10-year, capital-safe place to lock funds and 2.25% works for your plan, the option is open until the 26th.

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 month’s issue is a clear upgrade, and SSBs redeem at par so switching costs nothing. At 2.25% over 10 years, the gap between what you’re earning and what you could lock in is wide enough to act on.
• If you locked in during the 2022 to 2024 stretch above 3% like I did, hold what you’ve got. This issue is still a step down from those peak rates. That’s 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

Kevin

Kevin started Turtle Investor after hitting rock bottom at negative $25,755 net worth. Today, his investment income and side hustles cover his expenses and travels. He shares what actually works (and what doesn’t) for Singaporeans building wealth. Learn more about Kevin here.