Investing Updates: T-bills vs Fixed Deposit vs SSB: Which offers the best yield in June 2026

Source:

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

ChatGPT:

A Beansprout article compares the best cash-management options available to Singapore investors in June 2026, including Treasury Bills (T-bills), fixed deposits (FDs), Singapore Savings Bonds (SSBs), savings accounts, and money market funds.

The article notes that interest rates remain relatively attractive despite expectations that global rates may stay elevated following the U.S. Federal Reserve’s June meeting. The latest 6-month Singapore T-bill auction on 18 June 2026 delivered a cut-off yield of 1.47%, slightly below the previous auction’s 1.48%.

Fixed deposits have become increasingly competitive. The best 6-month fixed deposit rate available was 1.50% p.a. from HL Bank and SBI, narrowly outperforming the latest T-bill yield. Meanwhile, GXS Bank offered the highest 12-month fixed deposit rate at 1.60% p.a.

For investors seeking flexibility, savings accounts remain an option. The UOB Stash Account offers up to 1.50% p.a. without extensive requirements, while accounts such as OCBC 360 and DBS Multiplier can provide higher rates for customers who meet salary-crediting, spending, and savings conditions.

The latest Singapore Savings Bond (SSB) issuance offers a first-year return of 1.46% and a 10-year average return of 2.11%, making it attractive for investors who want to lock in yields over a longer period while retaining redemption flexibility.

The article also reviews cash management accounts such as Syfe Cash+, Endowus Cash Smart, Moomoo Cash Plus, and Longbridge Cash Plus. These products invest in money market or bond funds and may offer competitive yields, but they are not capital guaranteed or protected by SDIC insurance.

Ultimately, the article emphasizes that investors should choose based on risk tolerance, liquidity needs, investment horizon, and whether they need exposure to U.S. dollar-denominated assets.

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Social Media & Forum Discussions

HardwareZone

The article aligns closely with ongoing discussions in HardwareZone’s Money Mind and investment forums.

Key discussion points:

• Many members compare T-bills versus fixed deposits every auction cycle.

• Several users noted that a 1.50% fixed deposit rate now slightly exceeds the latest 6-month T-bill yield.

• Some argued that fixed deposits are currently more attractive because they avoid auction uncertainty.

• Others continue to prefer T-bills because of sovereign backing and competitive yields.

Recurring sentiment:

• "T-bill yields are no longer the clear winner they were in 2023–2024."

• Investors increasingly shop around for promotional FD rates.

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Reddit

Singapore-focused finance communities have been actively discussing declining cash yields.

Popular viewpoints:

• Many users are disappointed that T-bill yields have fallen from their earlier peaks above 3%.

• Some investors are rotating cash into fixed deposits due to slightly better rates.

• Others favour SSBs because of their liquidity and ability to lock in yields for up to 10 years.

Common questions:

• Whether to ladder T-bills or SSBs.

• If money market funds remain worthwhile given lower yields.

• Whether USD options justify foreign exchange risk.

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X (Twitter)

Finance influencers and investment accounts highlighted:

• The latest 1.47% T-bill yield.

• Fixed deposit promotions from GXS, HL Bank, and SBI.

• Discussions on whether the Fed's "higher-for-longer" stance could support yields going forward.

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Facebook

Singapore personal finance groups showed strong engagement.

Frequent comments:

• Requests for the best current fixed deposit rates.

• Comparisons between SSBs and fixed deposits.

• Discussions about emergency-fund placement.

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Instagram

Finance creators posted:

• Yield comparison charts.

• Reels explaining T-bills versus SSBs.

• Infographics summarising June 2026 cash-management options.

The audience generally preferred visual comparisons of risk versus return.

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TikTok

Short-form finance content focused on:

• "Where should I park S$10,000 today?"

• Step-by-step guides for buying T-bills.

• Comparisons between Syfe Cash+, money market funds, and fixed deposits.

Many creators highlighted liquidity and ease of access rather than chasing the highest yield.

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Threads

Threads discussions reflected broader retail investor sentiment.

Main themes:

• Frustration over falling interest rates.

• Continued demand for safe, low-risk income products.

• Debate over whether SSBs remain attractive despite lower near-term returns.

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Overall Sentiment

The overall sentiment across HardwareZone, Reddit, Facebook, X, Instagram, TikTok, and Threads is cautiously conservative. Most retail investors remain focused on preserving capital rather than maximizing returns. With T-bill yields around 1.47% and top fixed deposits reaching 1.50%–1.60%, discussions increasingly revolve around convenience, liquidity, and certainty rather than yield differences. The strongest consensus is that no single product is universally best—T-bills, SSBs, fixed deposits, and money market funds each serve different cash-management needs depending on an investor’s time horizon and risk appetite.

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

Source:

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

ChatGPT:

A June 2026 analysis by Beansprout compares the best places for Singapore investors to park spare cash amid ongoing market uncertainty and falling savings account rates.

The article finds that the best 6-month fixed deposit rate available in Singapore is currently 1.50% p.a., offered by HL Bank, slightly higher than the latest 6-month Singapore Treasury Bill (T-bill) yield of 1.48% from the 4 June 2026 auction. Longer fixed deposits also remain competitive, with rates of 1.50% for 9 months and 1.60% for 12 months.

For investors prioritising flexibility, the article highlights savings accounts such as the OCBC 360 Account and DBS Multiplier Account, which can offer higher effective interest rates if users meet salary crediting and spending requirements.

The article also reviews Singapore Savings Bonds (SSBs), noting that the latest issue offers a 10-year average return of 2.11%, making it attractive for those seeking to lock in yields while retaining redemption flexibility.

Beyond traditional cash products, Beansprout discusses money market funds and cash management accounts such as those offered by Moomoo Singapore, Tiger Brokers Singapore, Syfe and Endowus. While these may provide competitive yields and better liquidity, they are not SDIC-insured and are not capital guaranteed.

The key takeaway is that there is no single best option. Investors should balance yield, liquidity, capital protection, investment horizon, and currency exposure when deciding between T-bills, fixed deposits, SSBs, savings accounts, and money market funds.

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Social Media & Forum Discussions

HardwareZone

Discussions in the Money Mind and Investments sections continue to focus on the narrowing gap between T-bill yields and fixed deposit rates. Many forum users note that when fixed deposit rates exceed T-bill yields, they prefer fixed deposits due to simpler application processes and SDIC insurance protection.

Common sentiment:

• Fixed deposits are increasingly attractive at current rates.

• Some investors still prefer T-bills for government backing.

• SSBs remain popular for long-term cash reserves.

Reddit

Singapore-focused subreddits such as r/singaporefi frequently discuss cash parking strategies.

Key themes:

• Whether T-bills remain worthwhile after yields fell from 2024–2025 highs.

• Comparisons between SSBs and money market funds.

• Discussions on maximizing savings account bonus interest.

• Concerns about locking funds into fixed deposits if rates rise again.

Many Reddit users favour diversification across multiple cash instruments rather than relying on a single option.

X (Twitter)

Finance influencers and personal finance accounts have highlighted:

• The rise in the latest T-bill yield to 1.48%.

• The return of some competitive fixed deposit promotions.

• Comparisons between Singapore cash yields and higher US dollar yields.

Facebook

Singapore investing groups are actively sharing rate comparison tables from financial websites such as Beansprout, Seedly, and DollarsAndSense. The most engagement comes from posts comparing T-bills, fixed deposits, and savings accounts.

Instagram

Personal finance creators are publishing infographics comparing:

• Best fixed deposit rates.

• Latest T-bill auction results.

• SSB projected returns.

• Money market fund yields.

TikTok

Short-form finance content focuses on:

• “Where to park your emergency fund in 2026.”

• Step-by-step T-bill application guides.

• Comparisons between cash management accounts and fixed deposits.

Threads

Threads discussions largely mirror Instagram and X, with users debating whether the extra 0.02 percentage points offered by fixed deposits over T-bills is worth sacrificing government-backed security and liquidity.

Overall Sentiment

The dominant consensus across forums and social media is that Singapore savers are becoming more yield-sensitive as interest rates moderate. Many investors are adopting a blended approach: using savings accounts for liquidity, T-bills and SSBs for safety, and money market funds for flexibility, rather than committing all cash to a single product.

Investing Updates: Here's what to expect for the T-bill auction on 4 June

Source:

https://growbeansprout.com/t-bill-auction-4-jun-2026

ChatGPT:

Beansprout’s preview of the upcoming 6-month Singapore Treasury Bill (T-bill) auction on 4 June 2026 suggests that yields may remain around current levels, although several factors could influence the final cut-off yield.

The previous auction on 21 May saw the cut-off yield rise to 1.45%, up from 1.40% earlier in the month and close to the recent high of 1.47% recorded in April. Investors are now watching whether this rebound can continue.

One factor supporting higher yields is the rise in US Treasury yields. The 10-year US Treasury yield increased to 4.50% from 4.46% two weeks earlier, while the 1-year Treasury yield rose to 3.84% from 3.81%. Stronger US economic data, persistent inflation, and concerns over growing US government borrowing have reduced expectations of near-term Federal Reserve rate cuts, placing upward pressure on bond yields globally.

In contrast, Singapore government bond yields have been relatively stable. The 10-year Singapore government bond yield remained around 2.05%, reflecting continued demand for Singapore government securities as a safe-haven asset. The secondary-market yield on the 6-month T-bill stood at 1.41% on 26 May, slightly below the previous auction’s 1.45% cut-off yield.

The upcoming auction will maintain a record issuance size of S$8.5 billion. However, demand has also been increasing, with applications rising to S$18 billion in the last auction. If investor demand continues to strengthen, competition for allocation could push the cut-off yield lower despite higher global interest rates.

Beansprout notes that T-bills remain a safe cash-management tool, but current yields are below some fixed deposits and savings accounts. Investors may therefore compare T-bills with alternatives such as fixed deposits, savings accounts, Singapore Savings Bonds (SSBs), and money market funds before deciding where to park their cash.

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Social Media & Forum Discussions

Reddit

Discussion on Singapore-focused subreddits such as r/singaporefi and r/SingaporeInvestments remains active. Key themes include:

• Whether T-bill yields have peaked for this rate cycle.

• Comparisons between T-bills, SSBs, money market funds, and fixed deposits.

• Strategies for CPF-OA applications.

• Expectations that yields may remain in the 1.3%–1.5% range if MAS monetary policy remains unchanged.

Sentiment is generally neutral, with many users viewing T-bills as a capital-preservation tool rather than a return-generating investment.

HardwareZone

The lengthy T-bill discussion thread in the investments section continues to track every auction.

Common views include:

• Concern that yields have fallen significantly from the 2023–2024 highs above 3%.

• Debate over whether fixed deposits now offer better value.

• Sharing of application experiences through DBS, OCBC, and UOB.

• Monitoring auction allotment ratios and non-competitive bids.

X (Twitter)

Singapore finance influencers and retail investors have highlighted:

• The rebound from 1.40% to 1.45% in the previous auction.

• US Treasury movements as a key indicator for future T-bill yields.

• Upcoming application deadlines.

Overall engagement is moderate rather than high.

Facebook

Singapore personal finance groups are discussing:

• Whether to roll over maturing T-bills.

• Comparisons with promotional fixed deposits.

• Using T-bills as part of emergency funds and retirement planning.

Instagram

Finance content creators have published infographics comparing:

• T-bills vs SSBs.

• T-bills vs fixed deposits.

• Expected yield ranges for the 4 June auction.

TikTok

Short-form finance creators are producing:

• Auction deadline reminders.

• CPF-OA application tutorials.

• Yield forecasts and comparisons with bank deposits.

Threads

Threads discussions largely mirror Instagram content, with users sharing expectations that yields may stay around 1.4% unless US yields rise substantially.

Overall Sentiment

The overall online sentiment is cautiously neutral. Investors appreciate the safety and liquidity of Singapore government-backed securities, but lower yields have led many to compare T-bills more closely against fixed deposits, high-interest savings accounts, SSBs, and money market funds. The main question ahead of the 4 June auction is whether rising global bond yields can offset strong local demand and keep the cut-off yield near or above 1.45%.

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

ChatGPT:

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.

Investing Updates: Singapore Savings Bonds (SSB) 10-year return at 2.14%. Better than fixed deposits and T-bills?

Source:

https://growbeansprout.com/ssb-vs-tbill-vs-fixed-deposit-apr-2026

ChatGPT:

The latest Singapore Savings Bonds (SSB) issuance in April 2026 offers a 10-year average return of 2.14% per year, up from 1.99% in March. This makes it relatively attractive compared to other low-risk options like fixed deposits and Treasury bills (T-bills). However, projections suggest the next SSB issuance may see a slight dip to around 2.08%–2.09%, reflecting recent declines in Singapore Government Securities (SGS) yields.

For shorter holding periods, the SSB’s 1-year return is 1.40%, which is comparable to the best 12-month fixed deposit rates. It is higher than 3-month fixed deposits (around 1.30%) but slightly lower than top 6-month fixed deposits (about 1.50%). Compared to T-bills, the SSB’s 1-year return matches the latest 6-month T-bill yield of 1.40%, though it trails the 1-year T-bill yield of about 1.46%–1.47%.

A key advantage of SSBs is flexibility. Unlike fixed deposits and T-bills, SSBs allow investors to redeem their funds early without penalty, while still locking in a step-up interest structure over time. This makes them suitable for investors seeking both liquidity and stable returns.

SSB interest rates are closely tied to SGS yields, particularly the 10-year government bond yield. Recent volatility—driven by inflation concerns, geopolitical tensions, and easing oil prices—has caused yields to fluctuate, which explains the expected decline in future SSB rates.

Demand for SSBs has softened, with April applications falling to S$169 million, below the S$300 million offered.

Overall, the current SSB appears competitive, especially for long-term, low-risk investors. Given the lower future yields, applying now may be more advantageous than waiting.

Investing Updates: Is the 1-year T-bill better than the 6-month T-bill and fixed deposits?

Source:

https://growbeansprout.com/1-year-t-bill-vs-6-month-t-bill-apr-2026

ChatGPT:

The article examines whether the 1-year Singapore T-bill offers better value than the 6-month T-bill and fixed deposits amid fluctuating interest rates.

T-bill yields have recently rebounded, with the 6-month yield rising to about 1.47% and the 1-year T-bill closing yield at around 1.46% as of April 2026. While yields are similar, demand for T-bills has remained strong, which may keep yields competitive but also uncertain at auction.

A key consideration is reinvestment risk. Investors choosing two consecutive 6-month T-bills may achieve similar or better returns if rates rise, but face uncertainty if rates fall. In contrast, the 1-year T-bill allows investors to lock in current rates for a longer period, offering more certainty. This may be appealing given expectations that US interest rates could remain largely stable in 2026, with only modest cuts projected later.

Compared to fixed deposits, the 1-year T-bill currently offers a slightly higher yield (1.46% vs about 1.40% for best 1-year fixed deposits). However, shorter-term fixed deposits can offer higher rates (around 1.50% for 6 months), though they often require minimum deposits (e.g. S$10,000).

Singapore Savings Bonds (SSBs) provide similar 1-year returns (around 1.40%) but offer greater flexibility, including the option to redeem early and higher long-term returns if held for up to 10 years.

Ultimately, the choice depends on priorities. The 1-year T-bill is suitable for investors seeking to lock in a stable return and reduce reinvestment risk, while the 6-month T-bill or fixed deposits may suit those ով value flexibility or wish to take advantage of potential rate increases.

Investing Updates : Is the 1-year T-bill better than the 6-month T-bill and fixed deposits?

Source : 

https://growbeansprout.com/1-year-t-bill-vs-6-month-t-bill-jul-2025

Apple Intelligence : 

• Yield Comparison: The 1-year T-bill yield (1.76%) is similar to the 6-month T-bill yield.

• Re-investment Risk: 1-year T-bill investors may face lower re-investment risks compared to 6-month T-bill investors.

• Fixed Deposit Rates: Fixed deposit rates in Singapore have declined in recent months.

• Singapore Bond Yield Trend: Singapore 10-year government bond yield and 1-year T-bill yield have declined in recent months.

• Reasons for Decline: Market expectations of US interest rate cuts and strong demand for Singapore government bonds due to economic uncertainty.

• Investment Consideration: Investing in two consecutive 6-month T-bills could be an alternative to a 1-year T-bill, but potential reinvestment risk exists if yields fall further.

• Current Yield Comparison: The 1-year Singapore T-bill yield (1.76%) is close to the 6-month T-bill auction yield (1.79%) and below the breakeven yield for CPF OA applications.

• Interest Rate Expectation: Markets anticipate the first U.S. interest rate cut in September 2025, potentially leading to lower yields on shorter-term T-bills.

• Investment Decision Considerations: Consider reinvestment risk, potential for lower yields, and economic uncertainty (e.g., tariffs and inflation) when deciding between a 1-year or 6-month T-bill.

• Fixed Deposit Rate: 2.45% for deposits below S$20,000 and 1.65% p.a. for larger deposits.

• 1-Year T-Bill Yield: 1.76%, slightly lower than the 6-month T-bill yield but offers certainty compared to reinvesting.

• Singapore Savings Bonds (SSB): Offers a 1-year return of 1.82%, a 10-year average annual return of 2.29%, and flexibility to redeem before maturity.

• T-bill Auction Date: The 1-year Singapore T-bill auction will be held on Thursday 24 July 2025.

• Application Deadline: Cash applications close at 9pm on 23 July 2025, while CPF-OA applications close 1-2 business days before the auction date.

Opinion :

A combination of T-Bills, SSBs and Cash Management is still my favourite combination for safer cash investments. 

There are not many alternatives to cash investments without taking greater risks.

I think we will not return to > 3% anytime soon. So, the rates should fall or remain side-ways for quite some time.

Investing Updates : From 2% to 6%: 5 Reasons T-Bill Investors Should Switch to REITs

Source : 

https://drwealth.com/from-2-to-6-5-reasons-t-bill-investors-should-switch-to-reits/

Apple Intelligence : 

• T-bill Yield Decline: Singapore Treasury Bills (T-bills) yields have declined from a peak of over 4% in 2023 to 2.12% currently, making them less attractive than CPF OA interest.

• Reinvestment Risk: Investors face reinvestment risk as maturing T-bills can no longer be rolled over into equally attractive investments.

• Inflation Impact: The current T-bill yield of 2.12% is below Singapore’s long-term average inflation rate of 2.59%, resulting in a loss of purchasing power.

• Investment Alternative: REITs offer higher yields compared to T-bills, making them an attractive option for income-seeking investors.

• Yield Comparison: Singapore-listed REITs offer an average yield of 6.9%, significantly higher than the 2.12% yield of 1-year T-bills.

• Risk Considerations: REITs come with higher risk compared to T-bills, including price volatility and no capital guarantee, but these risks can be managed through diversification and a long-term perspective.

• Risk and Return: REITs offer a better risk-reward profile than regular stocks, with lower volatility and higher dividend yields.

• Investment Option: REIT ETFs provide diversification across multiple REITs, simplifying the investment process.

• Potential Opportunity: Falling REIT prices due to rising interest rates present attractive entry points for contrarian investors.

• Interest Rate Impact: Declining interest rates, as seen in Singapore’s SORA, benefit REITs by improving margins and potentially boosting capital gains.

• Investment Characteristics: REITs offer long-term income potential with dividends, avoiding reinvestment risk associated with fixed-maturity investments like T-bills.

• Liquidity and Flexibility: REITs provide greater liquidity and flexibility compared to T-bills, allowing for dollar-cost averaging and easy trading on exchanges.

• Investment Advantages: REITs offer ongoing income, flexible entry, and better liquidity compared to traditional real estate investments.

• Accessibility and Simplicity: REITs provide a straightforward and familiar investment option, especially for conservative investors, with business models centered around property ownership and rental income.

• Diversification and Tax Benefits: REITs offer diversification across a portfolio of properties without the high capital outlay of direct ownership, and they enjoy tax transparency, resulting in higher net yields for investors.

• Diversification Strategy: Diversify across income-generating assets like REITs and T-bills to build a resilient portfolio.

• Economic Environment and Asset Performance: REITs perform well during inflation and economic growth, while treasuries are favored during rising interest rates.

• Current Investment Recommendation: Rebalance portfolios by considering REITs, which offer higher yields (6.9%) compared to T-bills (2.12%), in the current low-interest-rate environment.

Investing Updates : T-bill yield rebounds to 2.73% as demand dives

Source : 

https://growbeansprout.com/t-bill-allotment-26-mar-2025

Apple Intelligence : 

• T-bill Yield Change: The cut-off yield for the 6-month Singapore T-bill auction on 26 March rebounded to 2.73%.

• T-bill Application Change: Total applications for the 6-month Singapore T-bill declined S$15.8 billion from the previous auction.

• Competitive Bid Change: The amount of competitive bids decreased to S$14.4 billion from the previous auction.

• T-bill Allocation: Competitive bids below 2.73% received full allocation, while non-competitive bids totaling S$1.4 billion were also fully allocated.

• T-bill Applications and Issuance: Total applications decreased to S$15.8 billion, resulting in a lower application-to-issuance ratio (2.14x) compared to the previous auction (2.64x).

• SSB Applications: Applications for the Singapore Savings Bond (SSB) increased to S$678 million, the highest since September 2024, driven by its higher 10-year average interest rate.

• T-bill Yield Rebound: The T-bill yield rebounded to 2.73%, driven by a fall in demand and a shift towards other safe options like SSB.

• Comparison with Other Investments: The T-bill yield is now above the best 6-month fixed deposit rate but below the break-even yield for CPF OA applications.

• Alternative Investment Options: Higher yield options include the UOB Stash account, bond funds like the United SGD Fund, and selected high-quality Singapore REITs.

Investing Updates : Is the 1-year T-bill better than the 6-month T-bill and fixed deposits?

URL: https://growbeansprout.com/1-year-t-bill-vs-6-month-t-bill-jan-2025

Gemini:

Key Takeaways:

• Yield Comparison:
• 1-year T-bill closing yield (2.80%) is currently lower than the 6-month T-bill cut-off yield (2.99%).
• 1-year T-bill yield is higher than the best 1-year fixed deposit rate (2.60%).

• Reinvestment Risk:
• Investing in two 6-month T-bills exposes investors to the risk of lower yields on the second tranche if interest rates decline.

• CPF Considerations:
• Using CPF for 1-year T-bills involves a longer period of lost CPF interest compared to 6-month T-bills.

• Author's Opinion:
  • The author prefers the 1-year T-bill to the 6-month T-bill due to the potential for lower reinvestment risk.
  • The author also considers the 1-year T-bill more attractive than fixed deposits due to its higher yield.

In essence, the article analyzes the trade-offs between 1-year and 6-month T-bills, considering factors like current yields, reinvestment risk, and CPF implications. While the 6-month T-bill currently offers a higher yield, the author favors the 1-year T-bill to avoid potential reinvestment risks at potentially lower rates.