More details have been released with regards to the Singapore Savings Bond. Here is a quick and very simple summary:

1. Person must be at least 18 years old, have a bank account (DBS, POSB, OCBC or UOB) and a CDP account.2. Application for the bond will be through the ATMs (DBS, POSB, OCBC or UOB) or internet banking (DBS and POSB only). Fees will be charged by the banks for application and redemption requests. 3. New Savings Bond to be issued every month. Application and requests for redemption must be done before the window closes 4 working days before end of the month. Must be in multiples of $500. 4. Application amounts of $500 to $50,000 are allowed but each person can only hold a maximum of $100,000 of Savings Bond at any one time.

Source: http://www.channelnewsasia.com/news/singapore/mas-on-how-to-apply-for/1839400.html Quite obviously, the Savings Bond (just like the CPF) is not ......