Dear readers, today the auction for the 6-month T-bill, BS23114A closed with a very decent 3.85% cut-off yield.
While the cut-off yield was decent, the cut-off yield for the similar T-bill (BS23113V), just before BS23114A was even decent, at 3.99% per annum. I have for once thought that the cut-off yield for BS23114A would close at minimum 4% per annum.
3.85% per annum is still a very decent interest rate, if we are to compare the 2.7% per annum deposit for a 6-month tenure fixed deposit with OCBC as well as for UOB fixed deposit.
It is time for savers to take advantage of the high fixed interest rates right now! But for savers with a longer-term horizon, the current Aug 2023 Singapore Savings Bonds which provides an average 2.99% per annum for 10 years is also not bad.
At the time where stock markets these days are volatile, we must take advantages to grow our monies whenever there are!
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