The cut-off yield for the latest 6-month Singapore T-bill on 28 August fell further to 1.44% p.a. What happened? The results of the the latest 6-month Singapore T-bill auction are out. The cut off yield for the 6-month Singapore T-bill (BS25117E) fell to 1.44% in the auction on 28 August 2025, and continues the trend of a fall in Singapore T-bill yields in recent months. This may be disappointing for investors looking at the Singapore T-bills as a place to generate passive income. With the decline in the T-bill yield, I'll share how it compares to the best fixed deposit rates as a place to park your spare cash.  Source: MAS What we learnt from the latest 6-month Singapore T-bill auction #1 - Demand for the Singapore T-bill rose further Despite the fall in T-bill yields, total applications for the 6-month Singapore T-bill increased to S$18.4 billion in the latest auction on 28 August from S$17.9 billion on 14 August. This represents the highest level of T-bill applications since March this year....