Singapore Government Securities (SGS)
Apply for Treasury Bill (T-Bills) or Bonds
This service allows you to apply for a Treasury Bill (T-Bills) or Bonds issued by the Monetary Authority of Singapore (MAS). SGS are marketable debt instruments issued by the Government of Singapore through MAS. The Singapore Government is obliged to pay the holder of the Treasury bill or bond a fixed sum of money on the maturity date of the security. Thus, when you buy SGS, you are lending your money to the Singapore Government and in return you will receive interest payment.
Visit the SGS Website for more information on SGS Bonds and T-Bills. Alternatively, you may want to consult your investment adviser or any of the SGS primary dealers.
Features
- You are eligible to use this service as long as you have an active iBanking account and a valid CDP Securities Account.
- You can debit funds from the following DBS or POSB accounts to buy SGS via iBanking:
- Personal or Joint-alternate accounts
- DBS Savings Plus, DBS Current/Autosave
- POSB Savings & POSB Current
- Please note that Joint-All accounts, Trust-Minor accounts or MySavings Accounts (MSA) is not available for SGS application via iBanking.
- Click here for more details on SGS Bonds and T-Bills.
Apply for Singapore Savings Bonds
Savings Bonds are a special type of Singapore Government Securities (SGS) with features that make them accessible and suitable to individual investors:
- Principal-guaranteed: You will always get your investment amount back in full, i.e. no capital losses.
- Long-term investment: You can invest for up to 10 years and earn interest that increases over time. The longer you hold your bond, the higher your return.
- Flexible redemption option: You don’t have to decide ahead of time how long you want to hold your Savings Bonds for. You can get your funds back within a month, with no penalty.
The online application for Singapore Savings Bonds is only available on Monday to Saturday; 7:00am to 9:00pm (excluding public holidays).
Features
- Eligibility: Only Individuals Investor. You will also need an individual (not joint) CDP Securities account with Direct Crediting Service (DCS) activated. Please note that you must be at least 18 years old to open an individual CDP Securities account.
- Term: 10 years.
- Interest: Paid every 6 months. At issuance, rates are fixed based on the prevailing SGS yields and locked in for each issue.
- Issuance: Savings Bonds will be issued every month.
- Redemption: Monthly, with no penalty. Principal and any accrued interest will be paid.
- Investment amount: You may invest a minimum of $500, and in subsequent multiples of $500, up to a cap to be announced. At any point in time, you may hold up to a maximum of $100,000 in Savings Bonds. This “Overall Limit” is sufficient to meet the needs of most individuals. Individuals with larger sums to invest may wish to consider investing in SGS bonds or Treasury bills.
- Non-tradable: Savings Bonds are non-marketable securities and cannot be bought or sold in the secondary market.
Redeem Singapore Savings Bonds
- The online application for Singapore Savings Bonds is only available on Monday to Saturday; 7:00am to 9:00pm (excluding public holidays).
- You can submit redemption requests through DBS/POSB ATMs, or through DBS/POSB’s Internet Banking portal.
- You will be able to redeem your Savings Bonds every month.
- Each Savings Bond has a term of 10 years, but you can redeem them in any given month before the bond matures with no penalty.
- The minimum redemption amount for each Savings Bond issue is $500, and in multiples of $500 up to the amount you have invested.
- You will not be able to amend or cancel submitted redemption requests.
- You will get your cash back (along with any accrued interest) by the second business day of the following month. The money will be credited to the designated bank account that is linked to your individual CDP Securities account.
- Upon redemption, CDP will send you a notification by mail and you will receive the redemption proceeds in your designated Direct Crediting Service (DCS) bank account by the 2nd business day of the next month.