MAS uses a uniform-price auction. All successful bidders receive the same cut-off yield, regardless of what they bid.
02
Non-Competitive Bids
Retail investors submit non-competitive bids — you accept whatever cut-off yield is set and are guaranteed full allocation.
03
Cut-off Yield
The yield is set by demand. Higher demand means lower yield. Lower demand means higher yield.
04
Application Deadline
Apply by 9pm the day before auction for cash applications. CPF/SRS deadlines vary by bank — check in advance.
Auction data is sourced from MAS via ilovessb.com. While we strive for accuracy, always verify with the official MAS website before making any investment decisions. This tool does not constitute financial advice.