Tbill has outperformed global indexes this year. Those who has allocated money inside has protected themselves from the downside of the markets(S&P -21%, HSI -15.5%, HStech -28%). The current effective yield of 4.2% pa is one of the highest risk free return you can get in Singapore.
If you have 100k and want to deploy into the upcoming T-bill, do know that there is a better alternative. Tbill is not liquid, even though the full interest is front loaded, you only get back your principal after 6mths. If you wish to get it back earlier, you can only risk selling via an illiquid market that would most certainly incur you losses.
Instead put the 100k into UOB One account. It gives an effective yield of 5% pa for the first 100k inside. It beats the Tbill yield and your cash inside is liquid, can be used to buy equities at anytime.
The effective yield of 5% pa only happens if you credit your salary of min S$1,600 per mth and spend S$500 with UOB One credit card. These two hurdles are very easy to complete.
Salary crediting is just an email or phone call to your HR department.
UOB One card is basically always the card used to pay for your utilities like SP services and Senoko etc. Its the only card that can give 3.33% rebate for utilities so its already a mandatory card to use every month before this. So now instead of only getting the 3.33% rebate, you can also get S$417 cash interest per mth for your S$100k.
5% pa for liquid cash should be the priority, only if Tbill yield exceeds 5% would you consider to bid for it. Of course the prerequisite to get the highest yield of 5% is that you need to have S$100k inside. Own view.
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