The September 2025 Singapore Savings Bond (SSB) — SBSEP25 / Issue code GX25090A — is open for applications until 26 August 2025, 9:00pm. The tranche offers a first-year rate of 1.71% and a 10-year average return of 2.11% if held to maturity. Bonds will be issued and credited on 1 September 2025; retail investors may apply through participating banks (DBS, OCBC, UOB) in multiples of S$500 (maximum aggregate holding S$200,000). A non-refundable S$2 transaction fee applies per application or redemption.
As deposit rates stabilise lower and volatility lingers on the secondary bond market, the latest SSB issue gives conservative savers a predictable, government-backed yield ladder — with the flexibility to exit monthly and preserve capital.
| Feature | SBSEP25 (GX25090A) |
|---|---|
| Application window | Open — closes 26 Aug 2025, 9:00pm. |
| Issue / credit date | 1 September 2025 (allotment results announced prior). |
| Interest profile | Year 1: 1.71%; 10-year average: 2.11% (yearly step-up to year 10). |
| Minimum / increment | S$500; multiples of S$500. |
| Maximum holding | Aggregate S$200,000 per investor. |
| Application channels | Participating banks (DBS/POSB, OCBC, UOB) via ATM, internet/mobile banking. |
| Fees | S$2 non-refundable transaction fee per application/redemption. |
The September SSB continues the recent trend of step-down yields compared with earlier 2025 tranches, but remains a secure, liquid instrument for those who prioritise capital preservation. The SSB’s design rewards longer holding (through a step-up schedule) while permitting monthly redemptions with accrued interest — a hybrid of safety and optional liquidity that fixed deposits cannot match. Projected and published rates for SBSEP25 underline that a full 10-year hold produces an average of 2.11% p.a., while selling after one year yields 1.71% p.a. if redeemed at that point.
Hold an individual CDP securities account with Direct Crediting Service enabled.
Apply during the bank application hours (typically Mon–Sat, 7:00am–9:00pm).
Submit in multiples of S$500 (min. S$500). Maximum aggregate holding across all SSBs is S$200,000.
Expect a S$2 fee that the bank will deduct upon submission. As DBS notes, “A non-refundable transaction fee of S$2 will be charged for each application request.”
Savers seeking capital protection plus better nominal returns than many sight or short-tenor deposits.
Investors building an emergency fund who value the option to redeem monthly without capital loss.
Portfolio allocators who want a low-risk fixed-income sleeve while monitoring rates for future re-allocation.
SSB returns closely follow prevailing SGS yields; in a falling-rate environment future tranches may show lower yields. Market-sensitive investors should compare the step-up ladder and decide whether to hold for the medium term or use SSBs as a liquidity buffer.
Transaction fees are small but non-refundable. They apply per application and per redemption, so frequent trading erodes net returns.
Q: When does this issue close?
A: 26 August 2025 at 9:00pm (applications via participating banks).
Q: What is the minimum investment?
A: S$500, in multiples of S$500.
Q: Can I redeem before maturity?
A: Yes — monthly redemptions are allowed; proceeds (principal + accrued interest) are credited by the second business day of the following month after submission, subject to bank processing windows.
Q: How much does it cost to apply?
A: Banks charge a non-refundable S$2 transaction fee for each application or redemption request.
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