1-Year Singapore T-Bills Offer Lower Reinvestment Risk Than 6-Month Alternatives

Investors can lock in a return for 12 months by applying for the 1-year Singapore T-bill, avoiding the risk of lower yields when reinvesting 6-month T-bills in October 2026. The closing yield on the 1-year T-bill was 1.46% as of 9 April 2026. This figure is close to the 1.47% cut-off yield seen in the most recent 6-month T-bill auction. The 1-year T-bill yield also exceeds the best 1-year fixed deposit rate of 1.40% p.a.