What do I need in order to buy Savings Bonds?
- For cash applications, you will need:
- A bank account with DBS/POSB, OCBC or UOB. You will also need to have an ATM card or internet banking access for the account;
and - An individual CDP Securities account linked to a Direct Crediting Service (DCS) bank account. Interest payments and redemption proceeds of your SSB will be paid to the designated DCS bank account.
- A bank account with DBS/POSB, OCBC or UOB. You will also need to have an ATM card or internet banking access for the account;
- For Supplementary Retirement Scheme (SRS) applications, you will need:
- A SRS account with one of the three SRS Operators (i.e. DBS/POSB, OCBC or UOB) and internet banking access with the SRS operator.
- You need to be at least 18 years old to open an individual CDP Securities account or a SRS account.
- It is not necessary to have a trading account with a securities broker to purchase Savings Bonds.
This information is sourced from MAS
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