CIMB and RHB in Spore fight for monies so always promotion. RHB High Yield Savings Account and CIMB Starsaver are their other offerings. But in Spore got Standard Chartered and other countries bank fight business with them. Maybank also not bad but they open too many branches every month need feed many employees so their promotion not as good as CIMB and RHB. Got Msia Hong Leong Bank but their minimum quite high so I cross them out

SSB Dec 2022 offer posted in BT 021222.



Tomorrow's BT Weekend Brunch section will be about SG T-bill 101 Q&A. Stay tuned.

With 6 month FD hit 4% t-bill no longer attractive so if apply I will put competitive bid above 4%

As promised yesterday, BT's Weekend 03-041222's 3 -page "T-bills 101".

BT cover page:



------------------------

The 3-page article:



This post has been edited by TOS: Dec 4 2022, 12:00 PM

MAS Bill results:

Tenure	4-week	12-week
Cut-off yield	4.8%	4.65%
Median yield	3.75%	4.47%
Average yield	3.15%	3.82%

Source:

4-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-09

12-week: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-09

This post has been edited by TOS: Dec 6 2022, 02:03 PM

Today is last day to apply for the upcoming 6-month T-bill. (9 pm for DBS ibanking portal application).

I am gonna try my luck with 4.2%.

Good luck! Though i believe the COY will be below 4% again…

Keep your money, bros,... standby for SREITs and UMS as the interest rate environment stabilizes.

% of Competitive Applications at Cut-off Allotted	Approximately 82%
% of Non-Competitive Applications Allotted	100%
Bid-to-Cover Ratio	2.03
Cut-off Yield (Price)	4.4% p.a. (97.806)
Median Yield (Price)	3.85% p.a. (98.08)
Average Yield (Price)	3.73% p.a. (98.14)

Source: https://www.mas.gov.sg/bonds-and-bills/auct...date=2022-12-13

Unexpectedly high cutoff... too bad I forgot to join

You should not have given up so early. Speculation is that CPF money all invested in the earlier bids so competition is less intense this round. BTC ratio also dropped to a bit above 2.

Lesson is make sure you bid every round. All you lost is 1 day interest if you submit your bid 1 day earlier.

Non-com also 100% allotted. Everyone happy

You bid this round too? Comp or non-comp?

I am building bond ladder so i bid 3.90% this time round. Did not expect 4.4% though.

Wow, did not expect this at all.
Luckily placed one bid to try my luck but most of it already put it in CIMB SG FD.

Minimum is 10k sgd right?

Yes minimum is 10k SGD for CIMB SG FD. https://www.cimb.com.sg/en/personal/banking...it-account.html

Yes, thats the downside of it and early withdrawal needs to be done through phone or walk in to the branch.

CIMB at least able to do phone banking for early withdrawal.

SCB only allow walk in for early withdrawal.

The Straits Times reports. No paywall.

https://www.straitstimes.com/business/t-bil...h-of-419-in-oct



This post has been edited by TOS: Dec 8 2022, 07:54 PM