Budget 2023, DBS special dividend & higher T-bill yield There's much to cheer this Valentine's Day. The cut-off yield for the latest Singapore T-bill auction rebounded to 3.93% p.a. It seems that some investors decided to switch to putting their money into fixed deposit, after OCBC started offering 3.88% p.a. for a 8-month fixed deposit using CPF OA funds.  It’s good to see more options available to investors to allow our money to work harder. If you’re interested in the OCBC fixed deposit but find it a hassle to wait at the branch, we share how you can avoid the queue with this trick. Source: Bloomberg. Price as of market close on 17 Feb 2023

🌷Happy Valentine's Day 

What happened?

Finance Minister Lawrence Wong announced Budget 2023, his “Valentine’s Day present” to help Singaporeans cope with rising costs.

What does this mean?

Amongst a slew of handouts announced, all Singaporean households will also get another S$300 in CDC vouchers in January 2024....