The Apr 2024 tranche of Singapore Savings Bonds (SSB) has an average yield of 3.04% over 10 years. The first 6 years yield a flat 2.95% per annum; 7th year yields 3.04% p.a, 8th year yields 3.19% p.a. and 9th, 10th years yield 3.28% p.a. Even though such yield is lower than other low to risk-free alternatives such as T Bills, money market funds and bank fixed deposits which easily yield more than 3% currently, it is higher than CPF OA rate of 2.5% p.a. If we also consider the great flexibility, liquidity of SSB for redemption and long-term lock down at above 3% p.a for the next decade, then this tranche of SSB is fairly enticing for us to park our spare cash at zero risk, capital guaranteed for the mid to long-term. We could redeem SSB anytime, earning interest at 2.95% in the...