T-Bills are low-risk investment options, that offer higher yields than your typical savings account or CPF Ordinary Account (OA) and let you grow your money with ease
Fixed coupon, steps up each yearMinimum investment of S$500, capped at S$200,000One important point to note for investing in T-bills is that the yield is not guaranteed at the point of subscription because the supply and demand at each auction can affect the rates. A surge in demand for a particular T-bill may lower the yield which means you may not get your expected return upon successful allotment..
On the other hand, if you want to invest only if the yield is within your expected range, you should submit a competitive bid. This option allows you to specify the yield you are willing to accept.Ready to invest in Singapore T-bills with your CPF OA funds? Your first step is to get a CPF Investment Account at any one of the three CPFIS agent banks . Take note that only those 18 and above, not an undischarged bankrupt and have completed theare eligible to utilise the account.
You can apply for T-bills via auctions that typically take place two to three business days before issuance. After the T-bills auction closes, you can check the results at the MAS’s website. Successful application of T-bills will also be reflected in the CPF investment account statement issued by your agent bank.
It may be hard for you to find the right broker that resonates with your investment needs, that is why analysts at ValueChampion have shortlisted the based on their platforms capabilities, fees, international market access and exchange rates so that you don’t have to.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Android users lose about S$100,000 CPF savings to malware scams in JuneSINGAPORE: Users of Android devices have lost at least S$99,800 (US$74,400) of Central Provident Fund (CPF) savings in June this year to malware-related scams. In a news release on Saturday (Jun 17), police noted that at least two reports of such cases have been received this month. 'The po
Read more »
Android users lose almost $100k in CPF savings this month after downloading app with malwareAndroid device users lost at least $99,800 in Central Provident Fund (CPF) savings this month after downloading an app containing malware, said police. Read more at stomp.straitstimes.com
Read more »
Two scam victims lost $99,800 in CPF savings after downloading malware-infested apps via fake Facebook ads - Singapore News“Unknown to the victims, the application would contain malware that allowed scammers to access the victims’ device remotely and steal passwords, including passwords (e.g. Singpass passcode) stored in the device,” warned the police
Read more »
BTS’ Suga in Singapore: A ‘baby’ ARMY’s account of the K-pop star's Agust D concertIt's not the whole BTS but CNA Lifestyle’s Izza Haziqah was just as excited to finally see one of the boys live. Here's what went down during the first night of Suga’s solo shows as Agust D at the Singapore Indoor Stadium, which runs from Jun 16 to 19.
Read more »
While You Were Sleeping: 5 stories you might have missed, June 19China calls on US to meet it halfway amid frosty ties China has called on the United States to meet it halfway, saying that bilateral ties are at the lowest point since the start of diplomatic relations, according to an official Chinese account of talks between US Secretary of State Antony Blinken and Chinese Foreign Minister Qin Gang on Sunday. Read more at straitstimes.com.
Read more »
Wimbledon 2023 prize money: How much do the winners get?Along with offering a place in the tennis history books, the four Grand Slams - the biggest events on the tennis calendar - also provide serious financial incentives for the champions.Here is what you need to know about the prize pot on offer at Wimbledon:WHEN IS WIMBLEDON HAPPENING?* The 20
Read more »