Singapore T-bill rate today: 1.86% (6-month)
The latest 1-year cut-off is 1.92%. Applications for the next 6-month auction close Tue 17 Nov, 9:00 pm.
What would you earn?
Based on the latest cut-off yield. Your actual yield is set at the Wed 18 Nov 2026 auction.
Minimum SGD 1,000, in multiples of SGD 1,000. Interest is the discount, refunded about a week after the auction. Yields are set at each auction and may differ from the latest cut-off.
Where yields are heading
T-bills vs everything else
Where a 6-month T-bill stands against the usual places Singaporeans park cash, as of November 2026.
| Instrument | Rate | Minimum | Lock-in | Liquidity | Backed by |
|---|---|---|---|---|---|
| 6-month T-bill This page | 1.86% Latest cut-off yield | SGD 1,000 | 6 months | Tradable, price may vary | Singapore Government (AAA) |
| 1-year T-bill This page | 1.68% Latest cut-off yield | SGD 1,000 | 1 year | Tradable, price may vary | Singapore Government (AAA) |
| Best 6-month fixed deposit | 1.50% Best promo board rate | SGD 10,000 | 6 months | Early exit forfeits interest | Bank · SDIC-insured to SGD 100k |
| Singapore Savings Bonds | 1.65% Oct 2026 issue, year-1 · 2.32% 10-yr avg | SGD 500 | None | Redeem any month, no penalty | Singapore Government (AAA) |
| Money market funds | 1.55% Typical 7-day yield, not guaranteed | SGD 100 | None | T+1 redemption | Fund — not capital-guaranteed |
| CPF Ordinary Account | 2.50% Floor rate | — | Until 55+ | Restricted withdrawals | Singapore Government |
September 2026. The T-bill, Singapore Savings Bonds and CPF Ordinary Account figures are published by MAS and the CPF Board. The best fixed deposit and money market fund rates are commercial figures taken from bank and fund manager pricing — they are not official-source data, vary by provider, amount and promotion period, and change without notice.
Three steps before Tue 17 Nov 9 pm
Open the application
Log in to DBS, OCBC or UOB internet banking. Under Investments, choose Singapore Government Securities, then T-bills.
Submit a non-competitive bid
Enter your amount (multiples of SGD 1,000, minimum SGD 1,000). Apply by 9:00 pm on 17 Nov for the next auction.
Get refunded the discount
Pay face value upfront. After the 18 Jun auction, the discount is refunded — you receive the full face value at maturity.
Upcoming auctions and past results
| Auction | Code | Cut-off | Median | Bid-to-cover |
|---|---|---|---|---|
| 4 Nov 26 | BS26122V | 1.86% | 1.80% | 2.45× |
| 22 Oct 26 | BS26121N | 1.95% | 1.90% | 1.87× |
| 8 Oct 26 | BS26120W | 1.90% | 1.86% | 2.14× |
| 24 Sep 26 | BS26119F | 1.92% | 1.79% | 1.88× |
| 10 Sep 26 | BS26118E | 1.70% | 1.63% | 1.97× |
| 27 Aug 26 | BS26117A | 1.60% | 1.55% | 1.93× |
Important Disclaimer
For educational and informational purposes only. This page produces estimates based on the inputs provided and official MAS auction results as of 4 November 2026: a cut-off yield of 1.86% per annum for the latest 6-month T-bill (BS26122V, auctioned 4 November 2026) and 1.92% per annum for the latest 1-year T-bill (BY26103X, auctioned 15 October 2026). The minimum application is SGD 1,000 in multiples of SGD 1,000. T-bills are zero-coupon: they are sold at a discount to face value and the discount is refunded shortly after the auction. Calculator results assume a 182-day (6-month) or 364-day (1-year) tenor.
No warranty of accuracy. While Money Snap takes reasonable care to source figures from official authorities (MAS, CPF Board), this page is provided “as is” without any express or implied warranty as to accuracy, completeness, timeliness, or fitness for any particular purpose. Your actual yield is determined at each auction and may be higher or lower than the latest cut-off shown — figures may be out of date — and competitive bids, partial allotments, secondary-market prices, CPFIS rules, and bank fixed deposit comparison rates may materially affect actual outcomes.
Not financial advice. Information provided is general in nature only and does not take into account your personal objectives, financial situation, or needs. Results do not constitute financial, tax, or legal advice and use of this page does not create an advisory relationship. Before relying on any figure shown, obtain personalised advice from a financial adviser licensed by the Monetary Authority of Singapore, and refer to the official auction announcement before applying.
Limitation of liability. To the maximum extent permitted by law, Money Snap accepts no liability for any loss, damage, cost, or expense — direct or indirect — arising from reliance on this page or the information it produces. Users are responsible for verifying all figures with the relevant authority before relying on them. Use of this page is subject to our Terms of Use.