As T-bill interest rates rise, more are investing their CPF savings in them - Printable Version
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As T-bill interest rates rise, more are investing their CPF savings in them - Levin - 04-11-2022
Tang See Kit
04 Nov 2022 06:00AM
(Updated: 04 Nov 2022 07:28AM)
SINGAPORE: Rising yields on Singapore’s Treasury bills (T-bills) have attracted the attention of retail investors, with more making the move to invest with their Central Provident Fund (CPF) savings.
More than 3,000 successful applications – amounting to S$450 million – were made to invest CPF Ordinary Account savings in the three T-bill auctions last month, said the Monetary Authority of Singapore (MAS) and the CPF Board.
In comparison, there was only one such application in January, when T-bill interest rates were below 1 per cent.
https://www.channelnewsasia.com/singapore/invest-t-bills-treasury-bills-cpf-ordinary-account-3040226