Why do I need to open a CDP Securities account to buy Savings Bonds using cash? Can I use my joint CDP Securities account to buy Savings Bonds?

Updated by MAS 1y ago

CDP is the custodian for Savings Bonds. You will need to have an individual CDP Securities account to hold your Savings Bonds if you are applying with cash.
Savings Bonds may not be held in any other types of CDP accounts (such as joint accounts).

This information is sourced from MAS.

Topics:

Singapore Savings Bonds Applying for Savings Bonds

Related questions

Can I purchase Savings Bonds in joint name or under a trust account?

Why do I need to open a CDP Securities account to buy Savings Bonds?

Can Savings Bonds be placed into a joint CDP Securities account?

Can my bank assist with the opening of CDP account and same day investment of Savings Bonds at any of its bank branches?

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