OCBC Bank announced a headline 4.65% rate
Some market watchers, including bank treasury executives and local brokers, reckon that MAS's six-month T-bills, which are risk-free, are the best short-term fix for retail investors to earn higher rates as they await the US Federal Reserve's rate hike cycle to peak.
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102642890 : Could you tell me how to buy Singapore 6-month treasury bonds? Thank you
tinymonster1987 : Ssb much better
jkak : What ssb? louzy product! my ocbc 360 saving account give me 6.1 %
Mr Pistachio jkak : tks I will check out OCBC360.
Innot : Go into any local bank look up under investment select T bill, the release date in MAS website, just buy thru ibanking
101742847 : ocbc 360 has to do many actions before can get that 6.1%... need to Salary+Save+Spend+Insure/Invest....
SSB or T-bill, just park funds there and collect interest at end of period.
Livian PRG Mr Pistachio : But you have to fulfill many conditions, debit salary, every month increasing balance, buy insurance or investment products etc to get the 6.1%, otherwise you get lower than 6.1%. Not only OCBC, other banks also have similar products, and the criteria and percentages changes regularly, some offer higher rates for priority clients, so best to check banks website.
jkak Livian PRG : With the salary + save you already enjoy above 4. Tell me which bank provide the same yield with the min criteria as ocbc?
jkak Innot : go buy your tbill. Haha what u waiting for
jkak 101742847 : Go park your fund on tbill. What u waiting for! Joker