Singapore Savings Bonds SSB December 2025 Yield RISES to 1.85%

There is a new issuance of Singapore Savings Bonds.

I have followed almost every Singapore Savings Bond issuance since its October 2015 issuance.

The December 2025 SSB bonds (SBDEC25 GX25120E) yield an interest of 1.85%/yr for the next ten years. You can submit your application via ATM or internet banking via the three banks (UOB, OCBC, DBS)

However, if you hold the SSB bonds for one person only year, with two semi-annual payments, is your interest rate 1.35%/yr.

The one-year SSB rate appears to be falling and is showing a less flat curve.

$10,000 will grow to $11,866 in 10 years.

The Singapore government supports this bond, which you can invest in if you have a CDP or SRS account (this also applies to Singapore permanent residents and foreigners).

One person can be the owner not more than SG$200,000 worth Singapore Savings Bonds. You can also use your Supplementary Pension Scheme (SRS) account to make a purchase.

You can find more information about the SSB here.

Please note that every month there is a new number that you can subscribe to via ATM. The 1 to 10 year returns you get will be different from this month’s ladder as shown above.

Last month‘s bond yields 1.83%/yr for ten years and 1.39%/yr for one year.

Here is SSB’s current historical 10-year yield curve with the 1-year yield curve since October 2015 when SSB was started (click on the chart and hover over the line to see the actual yield for that month):

How to Apply for the Singapore Savings Bond – Application and Repayment Schedule

You apply for the bonds throughout the month. At the end of the month you will know how many of the bonds you applied were successful.

Here is the application and repayment schedule if you want to sell:

You have from the second day of the month until approximately the 25th of the month (technically the 4th day from the last business day) to request or decide to redeem the SSB you want to redeem.

Your bond will appear in your CDP on the 1st of the following month. You will see your money in your bank account linked to your CDP account on the 1st of the following month.

You may not get all the Singapore Savings Bonds you apply for

Please note that when you apply for the Singapore Savings Bonds, you may not get everything you apply for. Imagine this as you bid for an amount determined by the supply and demand of Singapore Savings Bonds.

When interest rates are low, demand is usually lower than in the past, and you can get a more significant amount. But if interest rates are very high, demand can be so overwhelming that you may get a small portion of what you sign up for.

For example, in the August 2022 issue you can apply for $100,000, but the maximum amount allocated per person was only $9,000. If you applied for $8,000, you would receive your total allotment of $8,000.

To view the past allocation trend, you can take a look at SSB allotment results here.

How do Singapore Savings Bonds compare to SGS Bonds or Singapore Treasury Bills?

Singapore savings bonds are like a ‘unit trust’ or ‘fund’ of SGS Bonds.

But what’s the difference between buying SGS Bonds directly and its sister company, the T-Bills?

The government also issues SGS bonds and T-Bills, which have a AAA rating.

Here is a detailed MAS comparison of the three:

The main advantage of the 1-year SGS bonds and the six-month Singapore Treasury Bills is that you can currently get a larger allocation compared to the Singapore Savings Bonds. This means that if you need to earn a good interest return of $400,000, you have a better chance of meeting it with one-year SGS bonds and six-month government bonds.

Short-term interest rates are getting pretty exciting, and short-term bonds and government bonds from SGS could be appropriate to complement your allocation to Singapore Savings Bonds.

I have written a guide to show you how you can easily buy Singapore Treasury Bill and SGS Bonds here. You can read Buy 6-month Singapore government bonds (T-Bills) or 1-year SGS bonds.

My previous value-added articles on the Singapore Savings Bonds

Read my previous writings:

1. These savings bonds from Singapore: liquidity, higher returns and government support. Dream?
2. More details about the Singapore Savings Bond. It now looks like my emergency fund
3. The maximum holding limit for Singapore Savings Bonds is $200,000 for the time being. Apply via DBS, OCBC, UOB ATM
4. The inflation protection options of Singapore Savings Bonds
5. Some instructions on how to apply for the Singapore Savings Bonds

Previous issues of SSB and their rates:

• 2015 Oct, Nov, Dec
• 2016 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
• 2017 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov
• 2018 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
• 2019 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
• 2020 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Oct, Nov, Dec
• 2021 Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
• 2022 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
• 2023 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
• 2024 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
• 2025 Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov

Here are your other higher yield, safe and short-term savings and investment options for Singaporeans in 2023

You may be wondering if other savings and investment options will give you higher returns while still being relatively safe and liquid enough.

Here are several other categories of effects to consider:

WordPress responsive table

This table has been updated as of November 17, 2022.

There are other securities or products that may not meet the criteria to return your principal, high liquidity and good returns. Structured deposits contain derivatives that increase the degree of risk. Many cash management portfolios from Robo-advisors and banks contain short-term bond funds. Their values ​​can fluctuate over the short term and may not be ideal if you want a 100% return on your principal.

The returns offered are not set in stone and will fluctuate based on current short-term interest rates. You should adopt more targeted planning and use the most appropriate instruments/securities to help you accumulate or spend your wealth, rather than pouring all your money into short-term savings and investment options.

If you want to trade the stocks I mentioned, you can open an account with Interactive real estate agents. Interactive Brokers is the leading, low-cost and efficient broker that I use and trust to invest and trade my investments in Singapore, the United States, the London Stock Exchange and the Hong Kong Stock Exchange. Lets you trade stocks, ETFs, options, futures, forex, bonds and funds worldwide from a single integrated account.

You can read more about my thoughts on Interactive Brokers in this Interactive Brokers Deep Dive series, starting with how to easily create and fund your Interactive Brokers account.

If you want to trade the stocks I mentioned, you can open an account with Interactive real estate agents. Interactive Brokers is the leading, low-cost and efficient broker that I use and trust to invest and trade my investments in Singapore, the United States, the London Stock Exchange and the Hong Kong Stock Exchange. Lets you trade stocks, ETFs, options, futures, forex, bonds and funds worldwide from a single integrated account.

You can read more about my thoughts on Interactive Brokers in this Interactive Brokers Deep Dive series, starting with how to easily create and fund your Interactive Brokers account.

Kyith is the owner and sole writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, more solid wealth foundations, how to pursue a passive investing strategy, learn about investing in REITs, and the basics of active investing.

Readers also follow Kyith to learn how to plan well for financial security and financial independence.

Kyith worked as an IT Operations Engineer from 2004 to 2019. He currently works as a Senior Solutions Specialist at Insurance Start-up Havend. All opinions expressed on Investment Moats are his own and do not represent the views of Providend.

You can view Kyith’s current portfolio herewho uses his Free Google Stock Portfolio Tracker.

His favorite investment broker is Interactive real estate agentsallowing him to invest in securities from various stock exchanges around the world, at very low commission rates, without custody fees, near spot currency rates.

You can read more about Kyith here.