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Singapore Savings Bonds

This month's SSB rates, the 10-year step-up, returns & swap calculators, and allotment — from MAS, updated every issue.

Applications open · closes in 8 days
1st-year interest
1.46%
if you hold for 1 year
10-year average return
2.06%
per year, held to maturity
Issue
GX26080T
issued 03 Aug 2026 · apply by 28 Jul 2026
Min S$500 Max S$200,000 Redeem anytime, no penalty SG-Government backed Interest paid every 6 months

Apply via DBS/POSB, OCBC or UOB (internet banking / ATM) or with SRS funds. Rates are the same at every bank — they're set by MAS.

Next issue — projected
Projection · Jul 2026 SGS yields · 14 trading days so far
Projected 1st-year
~1.45%
now 1.46%
Projected 10-yr average
~2.16%
↑ higher than the 2.06% now

Projected average return by holding period: 1yr ~1.45% · 2yr ~1.62% · 5yr ~1.89% · 10yr ~2.16%. The next issue's applications open around early Aug 2026, when MAS confirms the final rate. This is an estimate from SGS benchmark yields (MAS sets SSB rates from the prior month's average yields) — not an official figure.

How much you'd earn
Total interest
—
Average return
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per year over the period

Based on the current issue (GX26080T). Interest is paid out every 6 months; figures assume you hold the whole period and don't reinvest the coupons.

Should you switch to the new issue?

You can redeem an SSB any month with no penalty — so if a new issue pays more than your current bond will going forward, it can pay to switch. But your bond has already "stepped up", so newer isn't always better. Compare:

Keep your bond
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Switch to GX26080T
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Compares interest earned over the period (SSB coupons are paid out, not compounded). Ignores the ~S$2 transaction fee. Your holding so far is estimated from each issue's date.

Interest rate step-up — issue GX26080T
If you hold…Interest that yearAverage return / year
Year 11.46%1.46%
Year 21.75%1.60%
Year 31.80%1.67%
Year 41.80%1.70%
Year 51.90%1.74%
Year 62.11%1.80%
Year 72.27%1.86%
Year 82.43%1.93%
Year 92.58%1.99%
Year 102.72%2.06%

The longer you hold, the higher the rate — that's the SSB "step-up". Average return is what you'd earn per year if you redeem at the end of that year.

SSB rate trend
10-year average return1st-year interest
3.4% 1.3% Sep 2023 Aug 2026
Recent issues
Issue1-yr10-yr avgApplied / offeredCut-off
Aug 2026GX26080T 1.46% 2.06% — S$0.00 1-yr 1.46% · just opened
Jul 2026GX26070F 1.46% 2.11% S$243m / 300m S$0.20 1-yr 1.46% · S$243m / 300m applied
Jun 2026GX26060N 1.46% 2.11% S$202m / 300m S$0.20 1-yr 1.46% · S$202m / 300m applied
May 2026GX26050H 1.40% 2.14% S$244m / 300m S$0.20 1-yr 1.40% · S$244m / 300m applied
Apr 2026GX26040E 1.36% 1.99% S$169m / 300m S$0.20 1-yr 1.36% · S$169m / 300m applied
Mar 2026GX26030W 1.38% 2.16% S$193m / 400m S$0.20 1-yr 1.38% · S$193m / 400m applied
Feb 2026GX26020S 1.35% 2.25% S$316m / 400m S$0.20 1-yr 1.35% · S$316m / 400m applied
Jan 2026GX26010A 1.33% 1.99% S$211m / 300m S$0.20 1-yr 1.33% · S$211m / 300m applied
Dec 2025GX25120E 1.35% 1.85% S$179m / 400m S$0.20 1-yr 1.35% · S$179m / 400m applied
Nov 2025GX25110W 1.39% 1.83% S$227m / 400m S$0.20 1-yr 1.39% · S$227m / 400m applied
Oct 2025GX25100S 1.56% 1.93% S$283m / 400m S$0.20 1-yr 1.56% · S$283m / 400m applied
Sep 2025GX25090A 1.71% 2.11% S$358m / 400m S$0.20 1-yr 1.71% · S$358m / 400m applied
Latest allotment result
Fully allotted
Applications
S$243m
of S$300m offered · 81% subscribed
Outcome
Everyone got their full amount
no balloting

Issue GX26070F · Jul 2026. The last 16 issues were all fully allotted — recently, a full application has been getting filled in full.

Data from the Monetary Authority of Singapore (MAS), updated each issue. Not financial advice — see disclaimer.

Common questions
What is the Singapore Savings Bond interest rate this month?
The current issue (GX26080T, issued 03 Aug 2026) pays 1.46% in the first year and a 2.06% average return per year if held for the full 10 years.
How does the SSB step-up interest work?
SSB interest "steps up" the longer you hold. This issue starts at 1.46% in year 1 and rises to 2.72% in year 10, so your average return grows from 1.46% to 2.06% per year over the 10 years.
How do I buy Singapore Savings Bonds?
Apply through DBS/POSB, OCBC or UOB internet banking or ATM, or with your SRS funds. Minimum S$500, in multiples of S$500, up to S$200,000 held in total. Applications usually close on the 4th-last business day of the month.
Can I withdraw my Savings Bond early?
Yes. You can redeem in any month with no penalty and get your full principal back plus any accrued interest — one reason SSBs are considered very low risk. They are fully backed by the Singapore Government.
How is SSB interest paid?
Interest is paid every 6 months into your bank account, starting six months from the issue date.