MAS Swells Your Singapore Savings Bond Pot
Good news for anyone who’s been eyeing Singapore Savings Bonds (SSB): the Monetary Authority of Singapore (MAS) has just lifted the bill‑limit you can keep, and added a cool new way to buy them – via your Supplementary Retirement Scheme (SRS) funds. The changes kick in Feb 1, 2019.
What’s the New Max?
- Old cap:
S$100,000S$200,000 per person. - Now you can stash twice the amount you could before.
Why the SRS Hack?
Back in 2015, SSB already drew S$3.7 billion from ~100,000 investors. People have been saying: “Hey, why can’t we pile on our retirement savings with SRS?” MAS said they listened, and teams up with banks to make it happen.
How to Get Your SSS into the Bonds
- Use any of the four local banks’ online portals: DBS, POSB, OCBC, and UOB.
- The minimum purchase is still S$500.
- A small S$2 transaction fee is taken out of your SRS account each time.
Whether you’re buying with straight cash or SRS escrow, the new limit applies to all.
Look Up Your Holdings with One Click
On top of that, in March the “My Savings Bonds” portal will launch. With just a few clicks you’ll see all your SSB holdings – no more juggling between bank accounts.
So lock in that extra S$100,000, tweak your SRS, and keep building a brighter retirement future.