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Fixed Deposit / CD Calculator
Calculate interest earnings and maturity values for fixed deposits or certificates of deposit.
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Guide & How-To
Quick Summary
To calculate singapore savings bonds (ssb) calculator in Singapore (2026): Calculate step-up interest returns, yield profiles, and comparative earnings for Singapore Savings Bonds (SSB). Model your return schedules for the current SBAUG26 issue and see how your investment compares against local fixed deposits and 6-month Singapore T-bills. The calculation is performed by applying the latest local rules, standard deductions, brackets, or compounding terms to your inputs to provide an instant, accurate estimate.
Understanding Singapore Savings Bonds (SSB) Step-Up Interest?
Singapore Savings Bonds (SSB) are safe, capital-guaranteed retail bonds backed by the Singapore Government. They feature a unique step-up coupon structure: the longer you hold the bond (up to a 10-year maturity), the higher the interest rate you receive each year. Coupon rates for the entire 10-year tenor are determined by the Monetary Authority of Singapore (MAS) prior to each monthly issue.
Unmatched Flexibility: Early Redemption with No Penalties?
One of the greatest benefits of SSBs is their liquidity. Unlike fixed deposits that charge penalty fees for early withdrawals, you can redeem your SSB holdings in any month before maturity with zero penalty. You will receive your full principal back, along with any interest accrued up to that point. Redeeming takes only a business day or two and is requested via online banking or ATMs for a nominal $2 transaction fee.
SSB vs. T-Bills vs. Fixed Deposits: Where to Park Cash?
While Singapore T-bills and bank fixed deposits often offer slightly higher short-term rates for 6-month or 1-year terms, they lack long-term rate security and liquidity. T-bills lock your funds in for 6 months or 1 year, and fixed deposits charge penalties for early exit. SSBs allow you to lock in a step-up rate profile for up to 10 years, making them ideal for emergency funds, retirement buckets, and medium-term savings.