Based on the Singapore Treasury Bills auction results, the cut off yield for BS24107N is 3.75%. If you want to retire early in Singapore, buying Singapore Treasury Bills (T-Bills) can be a great way to build passive income.
Are you familiar with Singapore Treasury Bills? If you are not, let me explain in simplistic terms to you. Treasury bills (T-bills) are short-term Singapore Government Securities (SGS). They are issued at a discount to their face value. Investors receive the full-face value at maturity. The Singapore Government issues 6-month and 1-year T-bills.
Unlike Singapore Savings Bonds where the issuance size and interest rates are announced on the Savings Bond website on the first business day of each month, you need to watch out for Singapore Treasury Bill MAS Announcement Date and Auction Date. This information can be found at Monetary Authority of Singapore (MAS) website under Auctions and Issuance Calendar.
If you prefer, just download a copy to keep on your computer’s desktop.
If you have been watching the news, Singapore Banks have started to reduce their interest rates. For example, UOB cuts the interest rates for its flagship UOB One Account effective from 1st May 2024. This is in anticipation of the hopeful upcoming Fed interest rate cuts.
Singapore T-Bills (6-Month BS24107N) versus Fixed Deposits
Recently, a tranche of my CIMB Fixed Deposit has matured. I refrain from renewing my fixed deposit with them.
Below is CIMB Fixed Deposit interest rates in April 2024. For a 6 months fixed deposit placement, CIMB is only offering 3.25% per annum. The latest Singapore 6-Month Treasury Bills issue BS24107N is offering you 3.75% per annum. That is a 0.50% difference!
| Tenure | PERSONAL BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE |
PREFERRED BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE |
| 3 months | 3.25 | 3.30 |
| 6 months | 3.25 | 3.30 |
| 9 months | 3.05 | 3.10 |
| 12 months | 2.95 | 3.00 |
Singapore T-Bills Calendar
For convenience, I am sharing the Singapore Treasury Bills (T-Bills) Auction and Issuance Calendar here. If you need the Treasury Bill results such as the status of each issuance, please refer to Treasury Bills at MAS website – Auctions and Issuance Calendar.
6-Months T-Bills Calendar
1-year T-Bills Calendar
Tracking of Singapore Savings Bonds (SSB) and Treasury Bills (T-Bills) All in One Place
Stocks Café is probably the only software that I know which allows you to track your purchased Singapore Savings Bonds and Treasury Bills (T-Bills) all in one place together with your stock investments. This makes it easy to track your total net investments.
Stocks Café allows you to create portfolios. You can use portfolio to different your investments. For example, I created three portfolios in Stocks Café, namely Stocks, Singapore Savings Bonds and Treasury Bills. This allow me to categorize how much I allocate for each investment.
