T-bills yields move higher, while fixed deposit rates fall
Here’s the bad news – Fixed deposit rates continue to fall in July, with the best 6-month fixed deposit rate now only at 3.5% p.a.
Not long ago, we just saw UOB and OCBC cutting their 6-month fixed deposit rate to 2.7% p.a.
And now the good news – the yield on the latest Singapore 6-month T-bill rose to 3.99% p.a.
It’s no wonder that we have seen more people asking about the T-bill recently.
If you missed out on the current one, there’ll be a 6-month T-bill auction on 20th July and a 1-year T-bill auction on 27th July.
Find out if it might be more worthwhile to apply for the 6-month or 1-year T-bill auction, and calculate how much more interest you can potentially earn by investing your CPF OA funds into the T-bill using our T-bill calculator....
