Singapore Savings Account Rates

Jun 22, 2015

Apply For Singapore Savings Bonds

Welcome to Singapore Savings Account Rates site.

In the second half of 2015, the Monetary Authority of Singapore (MAS) will announce the exact dates of retail launch of Singapore Savings Bonds for purchase by Singaporeans.

To apply for Singapore savings bonds, you need to prepare the relevant documents and accounts.

In essence, you need two items. These are:

(1) Central Depository (CDP) securities account under your name.

This CDP account must have direct crediting service to a local bank account.

(2) Bank account under your name to purchase Singapore Savings Bonds.

Currently only DBS/POSB, OCBC or UOB bank accounts are accepted by MAS for purchase of Singapore Savings Bonds. More banks may join the scheme at later date.

Once you have these two accounts, you are ready to apply for Singapore savings bonds.

To directly apply for Singapore savings bonds, you can do so in two ways.

(1) visit a participating bank Automated Teller Machine (ATM) and punch the numbers to apply for your savings bonds

OR

(2) perform the bond application via online transaction using participating bank Online Banking service. Currently available only at DBS/POSB bank.

What if you don't have a CDP account? You must get a CDP security account first. The Central Depository Pte Limited ("CDP") is a wholly owned subsidiary of the Singapore Exchange Ltd ("SGX"). The minimum age to get this account is 18 years old.

For Singaporeans residing in Singapore, you can apply for an individual CDP account in the following ways.

(1) Visit CDP or any Broker who is a SGX-ST Member with your original identification documents

OR

(2) Mail in your completed application form, together with supporting documents as listed below to CDP.

Supporting identification documents requested:

•Singapore pink Identification card (NRIC)( Photocopy )
OR
•Singapore Armed Forces ("SAF") Identification card ( Photocopy )
OR
•Singapore Police Force Identification card and passport ( Photocopy )

AND

Original copy or E-statements of ONE of the following, dated within the last 3 months, which cross-references the particulars in the NRIC:

•Bank statement from any Monetary Authority of Singapore (“MAS”) licensed banks

OR
•Central Provident Fund (“CPF”) statement

OR
•Tax return

(Please note that these documents will be retained by CDP)

More information at CDP Customer Service:

Central Depository
9 North Buona Vista Drive
#01-19/20
The Metropolis
Singapore 138588

Operating Hours
•Monday to Friday - 8.30am to 5.00pm
•Saturday - 9.00am to 12.30pm
•Closed on Sundays & Public Holidays

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore.

The Team

Singapore Savings Account Rates.

Jun 19, 2015

High Interest Singapore Bond Rates

In this 'High Interest Singapore Bond Rates' blogspot post on Singapore Savings Account Rates site, we shall share with our loyal readers a list of high interest Singapore bond rates.

These High Interest Singapore Bond Rates are obtained from Singapore Government Securities (SGS). SGS bonds are the safest bonds out there in the Singapore retail and commercial bond market.

SGS bonds are sold to retail investors in Singapore and are guaranteed by the Singapore Government.

High Interest Singapore Bond rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before you invest your money.

High Interest Singapore Bond Rates are subject to change without prior notice in future in 2015. You need to assess the suitability of these financial products for your personal financial portfolio.

High Interest Singapore Bond Rates from Singapore Government Securities bonds: