The Jun 2024 tranche of Singapore Savings Bonds (SSB) has an average yield of 3.33% over 10 years. The first 6 years yield a flat 3.26% per annum; 7th year yields 3.33%, 8th year yields 3.46% p.a and 9th, 10th years yield 3.54% p.a. Even though such yield is lower than other low to risk-free alternatives such as T Bills and money market funds which easily yield more than 3.5% currently, it is higher than many fixed deposit rates on offer by local banks as well as 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 3% in the short-term while getting back our capital for deployment to other investments or large item purchases unlike T Bills and  ...