We prefer to put our spare cash in the Singapore 6-month Treasury-bill (T-bill) with the attractive interest rate of 3.32% per annum in the latest auction.
What happened?
It seems like Singaporeans have recently joined 4-hour queues to put their money into fixed deposit accounts.
Source: Shin Min Daily News Facebook
However, the Beansprout community has a different preference on where to put their money.
After the red-hot US Consumer Price Index (CPI) data caused the stock market to tank, we asked our Telegram community how they're reacting to the market selloff.
24% of respondents said that they'd load up on Singapore Savings Bonds or Singapore Treasury Bills.
Only 2% said they'd queue to put money in a fixed deposit account.
So many were cheering the allotment result of the latest Singapore 6-month Treasury-bill (T-bill).
Investors who subscribed to the Singapore 6-month T-bill in the 15 September auction will receive a yield of 3.32% per annum. ...