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T-Bill 3.78% vs HSBC EGA 4.55% (May 2023)
By Financial Stewardship  β€’  May 12, 2023
The latest t-bill BS23109E has been a respectable 3.78% for our hard earned monies πŸ˜‚ Was actually expecting it to be slightly lower at around 3.5% as some of the new CPF monies pour into this t-bill auction for the new month of May, so as not to lose another additional month of CPF interest for April. Seems more people are bidding the t-bills more sensibly now, which benefits more people in the long run.
For me, I have not been bidding t-bills for a few months because of the new HSBC EGA account which I have opened in March. With the EGA account moving to the 3rd month, I will no longer be eligible for the extra 1% Everyday+ Rewards. Still it's a respectable 4.55% slightly higher than the current t-bill of 3.78% yield. Probably it's time to look for a better yield instrument in the month of June.
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By Financial Stewardship
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