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When is interest paid? When will I receive the interest payments?
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Source: https://www.mas.gov.sg- Interest is paid every 6 months, on the 1st business day of the month. The first interest payment will be made 6 months after you receive your Savings Bonds. As an example, for a Savings Bond that is issued on 1 Oct, the interest payments will be made on 1 Apr and 1 Oct (assuming they are business days) of each subsequent year for the next 10 years as long as you continue to hold the Savings Bond.
- Interest will be automatically paid to the following accounts:
- For cash subscriptions: your designated Direct Crediting Service (DCS) bank account. This is the bank account that is linked to your individual CDP Securities account.
- For SRS subscriptions: your SRS account.
This information provided here is sourced from the MAS website.
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