Investing Updates: Where to park your cash for higher yield? T-bills vs Fixed Deposit vs SSB (May 2026)

Source:

https://growbeansprout.com/tbills-vs-fixed-deposit-vs-ssb-yield-may-2026

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The article compares several popular low-risk ways for Singapore investors to earn better returns on spare cash in May 2026, including fixed deposits, Singapore T-bills, Singapore Savings Bonds (SSBs), savings accounts, and money market funds.

Currently, fixed deposits offer slightly better short-term returns than Singapore T-bills. The best 6-month fixed deposit rate is 1.50% p.a. from HL Bank, while the latest 6-month Singapore T-bill yield remains at 1.40%. Longer fixed deposits from Singapura Finance offer up to 1.52% for 12 months. T-bill yields have gradually declined from 1.60% at the end of 2025 due to changing interest rate expectations.

For savings accounts, banks have also adjusted rates downward. The OCBC 360 Account now offers up to 1.95% interest on the first S$100,000 with salary crediting and spending conditions. The DBS Multiplier Account can provide 2.10% to 4.10% depending on transaction activity, while the UOB Stash Account offers a fuss-free 1.50%.

Singapore Savings Bonds remain attractive for long-term savers. The latest SSB offers a 10-year average return of 2.11% with the flexibility to redeem anytime, making it useful for locking in yields without sacrificing liquidity.

The article also discusses money market funds and cash management accounts such as Syfe Cash+ and Moomoo Singapore, which offer higher flexibility but are not SDIC-insured or capital guaranteed.

For investors holding USD, US fixed deposits and Treasuries offer significantly higher yields around 3.7% to 3.9%, though foreign exchange risk remains an important consideration. Overall, the author recommends diversifying cash across multiple products depending on liquidity needs, safety preferences, and investment goals.