Singapore Savings Bonds: November 2026 issue averages 2.45%
The November 2026 SSB pays 1.67% in year one, rising to 3.08% in year ten, averaging 2.45%. How SSBs work and how to apply.
Singapore Savings Bonds (SSBs) are issued by the government, so your capital is safe, and you can get your money back in any month without a penalty. Each month's issue has its own interest rates, which rise the longer you hold the bond. That combination of safety, flexibility and rising returns makes SSBs popular with cautious savers. This guide explains the November 2026 Singapore Savings Bonds issue, the rules on buying and redeeming, and how SSBs compare with Treasury bills and fixed deposits.
The November 2026 issue (SBNOV26)
The November 2026 issue offers an average return over 10 years of 2.45% a year, up from 2.32% on the October issue. Interest steps up each year, from 1.67% in the first year to 3.08% in the tenth year. Applications closed at 9pm on 27 October 2026, but a new issue opens every month, so you can apply for the next one.
How Singapore Savings Bonds work
SSBs have a maximum term of 10 years. Interest is paid every six months into your bank account, and the step-up structure rewards you for holding longer. The rates for each issue are based on the average yields of Singapore Government Securities in the previous month, so when government bond yields rise, new SSBs pay more. Once you buy an issue, its schedule of rates is locked in for the full 10 years.
The rules for buying SSBs
Minimum and maximum. The minimum is S$500, in multiples of S$500. You can hold up to S$200,000 across all SSBs. Each issue also has its own individual limit.
How to apply. Apply through DBS, OCBC or UOB ATMs or internet banking, with a S$2 transaction fee. You need an individual CDP account with Direct Crediting Service linked to your bank account. SRS money can also be used to buy SSBs, which keeps the interest within your SRS account; see our guide to the SRS.
Allotment. If an issue is oversubscribed, bonds are allotted in a way that gives smaller applications priority, so you may receive less than you asked for.
Redeeming your Singapore Savings Bonds
You can redeem in any month and receive your money plus the interest earned so far, without a penalty. The request is processed and the money usually reaches your account early the following month. Because the early rates are the lowest, cashing in early earns less than the 10-year average. If you redeem after one year from the November 2026 issue, for example, you earn 1.67% rather than 2.45%.
SSBs, T-bills or fixed deposits?
Singapore Savings Bonds suit money you may want to keep for years but need to be able to reach. They are especially useful for an emergency fund that you hope not to use.
Treasury bills, issued for six months or a year, can pay more for short periods when rates are high, but you must hold them to maturity or sell on the market. Read our guide to Singapore T-bills and how to apply.
Fixed deposits lock your money for a set term, and promotional rates often come with conditions such as minimum amounts or bundled products.
Compare against inflation, which was 2.2% in September 2026. An SSB held for many years would roughly keep pace with that level, while protecting your capital.
Where SSBs fit in your plan
SSBs are a safe building block, but they are unlikely to grow your wealth quickly. For long-term goals, many Singaporeans combine SSBs with CPF top-ups and diversified investments; see our guide on how to start investing in Singapore. Use our savings calculator to plan regular contributions.
Frequently asked questions
What is the November 2026 SSB rate?
An average of 2.45% a year over 10 years, rising from 1.67% in year one to 3.08% in year ten.
What is the minimum investment in Singapore Savings Bonds?
S$500, in multiples of S$500.
Is there a penalty for redeeming SSBs early?
No. You receive your capital plus the interest earned so far.
Sources
This article is general information, not financial advice.