The table above displays the three main differences between six-month and one-year T-bills - tenor, yield and frequency.
However, T-bill yields are determined via auction. According to the latest yields at the time of writing, six-month T-bills have a slightly higher yield — 3.75 per cent over 3.67 per cent. Our investment timeline. If you need your money back within a few months, choosing the six-month T-bill will prove more suitable. Only choose the one-year T-bill if you can remain invested for 12 months or more.
To be sure, the differences between six-month and one-year T-bills are really quite minor — and may be negligible over time. The main consideration really is how soon you may need your money back.To start investing in T-bills, here’s what you’ll need.A Central Depository Account linked to the bank account you want to invest withA CPF Investment Account or SRS Account with DBS/POSB, UOB or OCBCOnce you have set up the appropriate account, you can start applying for the latest available T-bills.
The balance of the issue amount will be awarded to competitive bids from the lowest to highest yields.If T-bills don’t exactly suit your requirements, consider these other securities issued by the Singapore government.Singapore Government Securities bonds pay a fixed interest rate, and are available in a wide range of tenors — from two years to 50 years.