Investors have an option to earn a higher yield with the 6-month T-bill, 50-year SGS bond and SSB in the coming week. Fixed deposit rates are also starting to rebound.
If you’re looking to earn a higher yield on your savings, there are several options for you to choose from this coming week.
On Monday 28 August, we will see applications closing for the Singapore Savings Bonds, which is offering 1-year return of 3.01% and a 10-year average return of 3.06%.
On Tuesday, 29 August, we will see applications closing for the 50-year green SGS bond, which is offering a yield of 3.04%.
Lastly, the next 6-month Singapore T-bill auction will take place on 31 August. After the cut-off yield fell to 3.73% in the previous auction, the closing yield on the 6-month T-bill has remained at about the same level.
Amongst the three bonds, the SSB offers the most flexibility as investors can redeem their funds anytime.
On the other hand, investors of the...