Singapore Savings Bonds limits, interest and redemption

Savings Bonds combine a published interest schedule with monthly redemption, subject to investment limits and transaction fees.

Individual holding limit

S$200,000 across cash and SRS holdingsMAS, Savings Bonds FAQs, March 2026

Minimum investment

S$500; subsequent amounts in S$500 multiplesMAS, Savings Bonds FAQs, March 2026

Maximum term

10 yearsMAS, Singapore Savings Bonds

Application or redemption fee

S$2 per transactionMAS, Savings Bonds FAQs, March 2026

One holding limit across accounts

The individual limit is S$200,000 across cash and SRS holdings combined. The minimum investment is S$500, with subsequent investment amounts in multiples of S$500. MAS, Savings Bonds FAQs, March 2026 (opens in a new tab).

Interest follows the issue's schedule

Savings Bonds run for up to 10 years. The step-up structure provides interest that increases over time, although MAS may adjust rates so that interest payments do not step down in any year. Each issue has its own published schedule. MAS, Singapore Savings Bonds (opens in a new tab).

Monthly redemption is not instant access

Bonds can be redeemed in any month without an early-exit penalty. Principal and accrued interest are returned by the second business day of the following month. MAS, Singapore Savings Bonds (opens in a new tab).

Fees remain separate

Banks charge S$2 for each application or redemption transaction. No early-exit penalty therefore does not mean redemption is free. MAS, Savings Bonds FAQs, March 2026 (opens in a new tab).

Scope

This is general information, with no personalised return calculation or investment recommendation. It does not quote a current issue's rates or compare bonds with deposits.

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