Singapore Savings Bonds FAQ: $2 Transaction Fee Per Application

Singapore Savings Bonds Frequently Asked Questions

The Monetary Authority of Singapore (MAS) provides a set of frequently asked questions about Singapore Savings Bonds. One of the questions addresses the fees involved in applying for these bonds.

$2 Transaction Fee Per Application

According to the MAS FAQ, each Savings Bond application is subject to a $2 transaction fee charged by the bank. This fee applies to every application submitted.

Cash Application Fee Deduction

When an application is made using cash, the $2 transaction fee is deducted directly from the application amount. This means the net amount invested in the bond will be the application amount less the $2 fee.