Details of application for the Singapore Savings Bonds, which is suppose to help encourage and bump up Singapore citizens savings rate were released.

• You can start applying the bonds in 1st September 2015 and ends at 25th September 2015 with the results announcing on the 28th. The bonds will be in your account on the 1st October
• The bonds are projected to be an ongoing issuance for 5 years with 2-4 billion projected to be issued this year.
• On 1st October where the bonds are  credited, the information of the yield from 1st year to the 10th year will be made available to the public
• The bonds will be issued every month so there is no need to rush or feel sad that you did not get the allocation the first time round.
• You will need to have a bank account with the three participating bank of DBS, UOB and ...