Glossary · sg-savings

Singapore Savings Bond

Also known as: SSB

Definition: The Singapore Savings Bond (SSB) is a 10-year Singapore government bond product designed for retail investors. Step-up coupon (increasing over the 10 years), full principal-and-interest backing, and redemption at any month without penalty.

SSBs are issued monthly with a maximum individual holding of S$200,000 per investor. The step-up coupon design means longer hold = higher average yield. Useful as a Singapore-resident-investor tax-efficient cash management tool. Wealthier investors typically allocate at the S$200k cap and use other instruments (bills, T-bills, fixed deposits, money-market funds) for remaining cash.

Source: MAS — Singapore Savings Bonds

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Singapore Savings Bond

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