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Weekly recap: T-bill yield and SSB rates climb
By Beansprout  •  March 2, 2024
The Singapore T-bill yield and SSB interest rates rose while S&P 500 reached a record high. At the end of last month, I asked a friend who was recently looking for a new savings account whether she had done so. “I’m waiting for March so that I can be the 1st 200  new-to-bank customers of the month and win the promotion rewards”, she shared. (No prizes for guessing which savings account she opened in the end) Indeed, many of us always await the start of the month to find out if there are better ways to grow our wealth. This month, the 10-year average return on the Singapore Savings Bonds (SSB) rebounded to above 3%, providing an option for investors looking to lock in interest rates for a longer period. Earlier, we also saw the cut-off yield on the latest 6-month Singapore T-bill jump to 3.8% as demand moderated. Most banks have also kept the interest rates on savings accounts unchanged in March....
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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