MAS - Monetary Authority of Singapore
MAS - Monetary Authority of Singapore
12/18/2025 | Press release | Distributed by Public on 12/18/2025 00:31
Response to Letter “提高储蓄债券申购上限” - Lianhe Zaobao, 8 December 2025
We thank Mr 詹福和 for his suggestion to raise the individual limit of $200,000 for the Singapore Savings Bond (SSB) programme ("提高储蓄债券申购上限", 8 Dec).
2 The SSB programme was launched in 2015 to offer individuals a simple, safe and long-term product to encourage individuals to invest for the long-term. For example, bond holders can earn a higher interest the longer the SSBs are held and they can redeem the SSBs in any given month with no penalty.
3 The individual limit and allocation method ensure that more individuals have access to SSBs. The individual limit was raised in 2019, from $100,000 to the current limit of $200,000, alongside the introduction of the use of Supplementary Retirement Scheme funds to invest in SSBs. We will continue to monitor and assess periodically if the $200,000 limit remains appropriate. Currently, the vast majority of SSB investors hold significantly less than $200,000 worth of SSBs and the median holdings amount across all investors is around $30,000.
Charlene Chew
Head (Corporate Communications)
Monetary Authority of Singapore
2 The SSB programme was launched in 2015 to offer individuals a simple, safe and long-term product to encourage individuals to invest for the long-term. For example, bond holders can earn a higher interest the longer the SSBs are held and they can redeem the SSBs in any given month with no penalty.
3 The individual limit and allocation method ensure that more individuals have access to SSBs. The individual limit was raised in 2019, from $100,000 to the current limit of $200,000, alongside the introduction of the use of Supplementary Retirement Scheme funds to invest in SSBs. We will continue to monitor and assess periodically if the $200,000 limit remains appropriate. Currently, the vast majority of SSB investors hold significantly less than $200,000 worth of SSBs and the median holdings amount across all investors is around $30,000.
Charlene Chew
Head (Corporate Communications)
Monetary Authority of Singapore
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