Singapore 1 Year T Bill : Auction Date 18 April

 Want an alternative to Fixed Deposit?

Fixed Deposit rates have been falling for the last few months. Banks are now offering mostly FD for shorter terms of 6 months or less. The rates are also lower, with most rates hovering around 3.2-3.3%

If you are planning to place an FD, consider placing it in the Singapore 1-Year T Bill. T Bills have been gaining popularity due to their higher rates than FDs. The T Bills that are open to the public are the 6-month and 1-year T Bills. While the 6-month T Bills are available twice a month, the one-year T Bills are only available four times a year.

The last one-year T Bills auction closed at 3.45%. This time around, it may close around the same range. At this rate, it would be a viable option to placing your funds in FD.

 If you would like to invest, check with your local banks on the procedure.

Need a guide to invest in T bills?

Read here for a complete guide to T bills investment using Cash, CPF, or SRS.

Disclaimer
This post is for information only and is not an invitation to invest. For investment advice, seek the assistance of a financial advisor.