Singapore Government Securities

The stable choice for conservative investors

Why you will love this

Backed by the full credit of the Singapore Government

Receive a fixed stream of payments

Liquidity to buy and sell any time in the market

Who can invest

Minimum investment amount for Singapore Savings Bonds: S$500

Minimum investment amount for SGS Bonds and Treasury Bills: S$1,000

Singapore Government Securities (SGS) such as Singapore Savings Bonds, SGS Bonds and Treasury Bills are debt instruments backed by the full credit of the Government. 

Features and benefits

Backed by the Singapore Government

The Singapore Government has been accorded the strongest credit rating by various international credit rating agencies and has a minimal probability of defaulting on its debt obligations.

The Singapore Government has been accorded the strongest credit rating by various international credit rating agencies and has a minimal probability of defaulting on its debt obligations.

Fixed payments to you

Interest is paid to you every 6 months for Singapore Savings Bonds and SGS bonds. T-bills are sold at a discount and do not pay coupons - you will receive the face value at maturity.

Interest is paid to you every 6 months for Singapore Savings Bonds and SGS bonds. T-bills are sold at a discount and do not pay coupons - you will receive the face value at maturity.

Liquidity to buy and sell any time

Singapore Savings Bonds are purchasable and redeemable online at full principal, with accrued interest paid to you at no penalty. SGS Bonds and Treasury bills may also be traded in the exchange.

Singapore Savings Bonds are purchasable and redeemable online at full principal, with accrued interest paid to you at no penalty. SGS Bonds and Treasury bills may also be traded in the exchange.

Making an investment

Lump sum investment

Start with a conservative minimum lump sum investment amount of S$500 for Singapore Savings Bonds or S$1,000 for SGS bonds and Treasury bills.

Ways to pay

You can purchase Singapore Government Securities using:

*Not available for Singapore Savings Bonds

Before you apply


This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information presented as at 14 February 2020.

ways to invest

Start investing in Singapore Government Securities today

ways to invest

Start investing in Singapore Government Securities today

FAQs
Where can I find more information?

You may go to https://www.mas.gov.sg/bonds-and-bills/investing-in-singapore-savings-bonds for more information on Singapore Savings Bonds or visit https://www.mas.gov.sg/bonds-and-bills/investing-in-singapore-government-securities for more information on SGS Bonds and Treasury bills.

I cannot apply for or redeem Singapore Government Securities or Singapore Savings Bonds. Why?

Kindly note that all the conditions set out below must be satisfied before you may apply for or redeem Singapore Government Securities or Singapore Savings Bonds:

  • You can only apply/ redeem for bonds during a valid auction or redemption period. You can refer to the MAS website for more information on the available dates. Please note that there may be some months where certain bonds are not available.
  • You can only apply during CDP operating hours at the time of confirmation of your bid.
  • In case of cash applications, you will also need a valid CDP account with a direct crediting service enabled.
  • In case of SRS applications, you will also need an SRS account with OCBC.
  • Your CDP account information (ID numbers, etc) must match those with OCBC Bank
How can I apply for Singapore Savings Bonds?

Cash transactions – via ATM, OCBC Online Banking, OneWealth app

SRS transactions – via OCBC Online Banking, OneWealth app

How can I apply for Primary Market Singapore Government Bonds and Treasury Bills?

Cash transactions – via ATM, OCBC Online Banking, OneWealth app

SRS transactions – via OCBC Online Banking, OneWealth app

CPF transactions – please approach our branch staff to apply via hardcopy application form

More questions and answers