At the start of every month, we would look out for the latest SSB and fixed deposit interest rates. We were pleased to see that the latest SSB offers a 10-year average interest rate of 3.32%, the highest so far this year. The best 6-month and 12-month fixed deposit rates have also been raised to 3.6%, closing the gap with Singapore T-bills. As US government bond yields continue to climb, we find out what this would mean for the upcoming 6-month T-bill auction on 12 October. With the higher interest rates, check out our Guide to investing in the T-bill and Guide to investing in the SSB to make your savings work harder. Source: Bloomberg. Price as of market close on 6 Oct
