T-bill vs FD vs SSB Comparison Singapore 2026
Enter the latest rates and compare returns on Singapore T-bills, fixed deposits, and Singapore Savings Bonds side by side. Find the best home for your cash savings.
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| Product | Rate (ann.) | Interest | Liquidity | Tax |
|---|---|---|---|---|
| SSB (10 years) | 3.18% | $15,900.00 | High (anytime) | Exempt |
| 1-Year T-bill | 3.40% | $1,700.00 | Low (lock-in) | Exempt |
| 1-Year FD | 3.00% | $1,500.00 | Low (penalty) | Taxable* |
| SSB (1 year) | 2.80% | $1,400.00 | High (redeem anytime) | Exempt |
| 6-Month T-bill | 7.20% | $900.00 | Low (lock-in) | Exempt |
| 6-Month FD | 5.60% | $700.00 | Low (penalty) | Taxable* |
* Singapore residents: interest income from FDs is generally not taxable for individuals. T-bill and SSB interest is always tax-exempt. Rates shown are indicative — update with latest figures from MAS, SGS, and bank websites.
Quick Comparison: T-bill vs FD vs SSB
| Product | Guarantee | Liquidity | Min. | CPF-OA? |
|---|---|---|---|---|
| 6M T-bill | Govt. | None (lock-in) | S$1K | Yes |
| 1Y T-bill | Govt. | None (lock-in) | S$1K | Yes |
| FD | SDIC up to S$75K | Penalty applies | Varies | No |
| SSB | Govt. | High (monthly) | S$500 | No |