T-bills vs Fixed Deposit vs SSB: Which offers the best yield in November 2026

What happened?

The recent market swings got me thinking about where to park my cash.

Having enough set aside for upcoming expenses gives me peace of mind, especially when markets are volatile.

With rates shifting across different options, I wanted to see where I could earn a competitive return while keeping enough cash accessible.

The best fixed deposit rates and best savings account rates have continued to climb, but the latest 6-month Singapore T-bill cut-off yield has dipped to 1.86%.

The latest Singapore Savings Bond (SSB) available for application offers a 10-year average return of 2.39%, also slightly lower than the previous issue.

These changes have been actively discussed in the Beansprout community, as many of us weigh where to park our spare cash while keeping our liquidity pot accessible for short-term needs.

In this article, I’ll compare some popular options such as T-bills, fixed deposits, Singapore Savings Bonds (SSBs), savings accounts and money market funds to find out how their yields stack up in November and what to consider before deciding where to park our cash.

Latest 6-month Singapore T-bill offers yield of 1.86%

Firstly, let's take a look at the latest 6-month Singapore T-bill.

The cut-off yield on the 6-month T-bill fell to 1.86% in the auction on 4 November 2026.

This represents a decrease in yield from the previous 6-month T-bill auction on 22 October 2026.

If you are new to investing in the T-bill, check out our comprehensive guide to Singapore T-bills to learn more.

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Best 6-month fixed deposit rate in Singapore of 2.30% p.a. in November 2026

The best fixed deposit rates remain competitive this month, with several banks and finance companies offering promotional rates across different tenures.

• The best 3-month fixed deposit rate we found was 2.30% p.a. from Bank of China
• The best 6-month fixed deposit rate we found was 2.30% p.a. from Bank of China
• The best 8-month fixed deposit rate we found was 2.12% p.a. from Singapura Finance
• The best 9-month fixed deposit rate we found is 2.20% p.a. from from CIMB
• The best 12-month fixed deposit rate we found is 2.30% p.a. from CIMB and RHB

To get the latest list of best fixed deposit rates this month, check out our guide to the best fixed deposit rates in Singapore.

Best no-frills savings account in Singapore offers interest rate of up to 2.25% p.a.

If I want to keep my cash accessible without crediting my salary or spending on a credit card, the CIMB FastSaver Account offers approximately 2.25% p.a. on S$75,000, or 2.12% p.a. on S$100,000, assuming the full balance qualifies for November’s Personal Banking fresh-funds promotion.

For S$100,000 of fully qualifying fresh funds, Maybank iSAVvy offers a higher rate of 2.20% p.a. until 31 January 2027. I need to increase my average daily balance by at least S$20,000 compared with October 2026, with bonus interest applying only to the qualifying increase.

Trust Bank’s Level Up promotion also offers 2.20% p.a. on qualifying incremental average daily balances of at least S$100,000 until 31 January 2027. To participate, you will need to create a Savings Pot named “Level Up” and deposit qualifying fresh funds by 30 November 2026.

The HSBC Everyday Global Account (EGA) is another option at up to 2.00% p.a. on S$100,000 of qualifying incremental fresh funds, subject to its account eligibility and wealth or balance-maintenance conditions.

Find the best savings accounts in Singapore based on your cash balance and banking habits here.

Latest Singapore Savings Bonds (SSB) offer a 10-year average return of 2.39%

The latest SSB offers a higher first-year interest rate, but a lower 10-year average return than the previous issue.

The latest December 2026 SSB (SBDEC26 GX26120A) offers a first-year interest rate of 1.83%, and a 10-year average return of 2.39% p.a. 

While the first-year return has increased, the 10-year average return has dipped from 2.45% p.a. in the previous issue.

I would consider the SSB mainly for the opportunity to lock in the yields for a period of up to 10 years.

As of 12 November 2026, the 10-year average return of the next SSB is projected to dip to 2.17%.

To get the most updated projections, you can check out our latest interest rate projections for the next SSB here.

You can find out how to to construct a T-bill and SSB bond ladder here. 

Learn more about SSBs and how to apply for SSBs using our comprehensive SSB guide. 

What are the other options to earn a higher yield? 

Fixed deposits are seen as relatively safe options to park our cash as our savings will be insured to up to S$100,000 under the Singapore Deposit Insurance.

At the same time T-bills and Singapore Savings Bonds are relatively low risk investment options as they are issued by the Singapore government. 

I have also seen questions in the Beansprout community about some products that are not capital guaranteed. Here, it is important to note that they are not capital guaranteed, even if they were to offer guaranteed rates. 

#1 - Cash Management Accounts that offer more liquidity 

Cash management accounts aim to provide higher potential returns compared to savings accounts, and greater flexibility compared to fixed deposits.

Some examples of cash management accounts include Longbridge Cash Plus, Moomoo Cash Plus, Webull Moneybull, Tiger Vault, Syfe Cash+ Flexi, Endowus Cash Smart, Mari Invest and Phillip Smart Park 

[Exclusive Beansprout Promotion] Get 8.8% p.a. interest boost coupon for 90 days on S$10,000 (worth S$217) with Longbridge Cash Plus when you sign up for a Longbridge account via Beansprout. Plus get S$80 Fairprice voucher within 5 working days. Learn more about the Longbridge promotion here.

By putting your money in a cash management account, you will be investing in money market funds or bond funds.

The indicative 7-day annualised yield of the Fullerton SGD Cash Fund was around 1.58% p.a. as of 12 November 2026. 

These professionally managed funds will put your cash in instruments such as bank deposits or short-term debt to earn higher interest rates.

However, it is worth pointing out that these funds are not capital guaranteed, and funds in cash management accounts are not insured under Singapore Deposit Insurance Corporation Limited (SDIC).

You can gain access to money market funds through some brokerage platforms, such as Longbridge, Moomoo, Tiger Brokers and Webull. 

#2 – Cash Management Accounts with guaranteed rates

Some robo-advisors have also introduced cash management solutions that offer guaranteed rates. They generate the returns by investing your funds into fixed deposits products provided by banks in Singapore.

For example, Syfe Cash+ Guaranteed is the cash management solution offered by Syfe which offers investors guaranteed rates for their idle cash. Syfe Cash+ Guaranteed offers a guaranteed rate of 1.50% per annum for a term of 6 months as of 12 November 2026. Learn more about Syfe Cash+ Guaranteed here. 

#3 – US dollar denominated options to park your cash 

If you have idle cash denominated in US dollars, you can also consider the following options to earn a higher yield compared to the T-bill.

However, if you are converting from SGD to USD,  you should be aware of the foreign currency exchange risks. This is because the US dollar could weaken against the Singapore dollar.

You can track the USD/SGD exchange rate here.

USD Fixed Deposits

• The best 12-month USD fixed deposit rate we found was 4.60% p.a. from Bank of China and RHB, with a minimum placement of US$2,000 and US$5,000 respectively.
• The best 9-month USD fixed deposit rate we found was 4.40% p.a. from ICBC, with a minimum e-banking placement of US$100,000. For a smaller placement of US$2,000, Bank of China offers 4.30% p.a.
• The best 6-month USD fixed deposit rate we found was 4.40% p.a. from Bank of China, with a minimum mobile banking placement of US$2,000.
• The best 3-month USD fixed deposit rate we found was 4.00% p.a. from Bank of China, RHB and CIMB, with minimum placements of US$2,000, US$5,000 and US$10,000 respectively.

You can check out the best USD fixed deposit interest rates in Singapore here.

US Treasuries 

US Treasuries are debt securities issued by the US Department of the Treasury, just like the Singapore T-bills are backed by the Singapore government. 

The US 1-year Treasury yield was at 4.38% on 10 November 2026, after rising in recent weeks amid persistent inflation concerns and expectations that US interest rates could remain elevated for longer.

You can purchase US Treasuries using either Moomoo Singapore, Webull Singapore or Tiger Brokers. 

USD Money Market Funds

Some of the cash management accounts also allow us to invest in money market funds denominated in US dollars. 

For example, Moomoo Cash Plus, Longbridge Cash Plus, Tiger Vault, Webull Moneybull allow for investments in USD money market funds.

[Exclusive Beansprout Promotion] Get 8.8% p.a. interest boost coupon for 90 days on S$10,000 (worth S$217) with Longbridge Cash Plus when you sign up for a Longbridge account via Beansprout. Plus get S$80 Fairprice voucher within 5 working days. Learn more about the Longbridge promotion here.

Learn more about investing in money market funds here.

What to consider when choosing between T-bills vs fixed deposits vs SSB vs money market funds? 

There are 4 questions I would think about when considering these options.

• Am I comfortable with a product that is not insured by SDIC or backed by the Singapore government?

If I prefer an SDIC insured product, then I would stick to savings accounts and fixed deposits. 

• Will I need the money on short notice? 

If liquidity is of importance, as I may need the cash for other uses in short notice, then I may prefer savings accounts where I can have instant withdrawals. 

• Do I want to lock in the yields for a longer time period?

If I am looking to lock in the current high interest rates for a period of up to 10 years and not have to worry about reinvestment risks, then the Singapore Savings Bonds allow me to do so while having the flexibility to redeem anytime.

• Do I have any use for the cash in US dollars?

If I am looking to invest in US stocks or ETFs or have other uses of US dollars, then I may consider the US dollar denominated fixed deposits, money market funds or Treasuries. 

Otherwise, I may face foreign currency risks when converting the money back into Singapore dollar in future. 

What would Beansprout do? 

With higher interest rates, there are now more options for me to earn a higher yield for my spare cash.

I would consider splitting it across a mix of T-bills, SSBs, savings accounts, fixed deposits, and money market funds, depending on when I may need the money, how much flexibility I want, and whether I am comfortable locking in the rate.

In particular, the best 12 month fixed deposit rates have gone up to 2.30% p.a., while I could find the best 6-month fixed deposit rates at 2.20%.

This is higher than the latest 6-month T-bill yield of 1.86%.

I would also consider the Singapore Savings Bond for cash that I may not need immediately, as the latest SSB offers a 1-year return of 1.83% and a 10-year average return of 2.39% while still giving me the flexibility to redeem early.

For cash that I may need at short notice, I would keep part of it in a savings account. If I have S$100,000 of qualifying fresh funds and prefer no salary or card-spend requirements, I would compare Maybank iSAVvy and Trust Bank’s Level Up promotion, both offering 2.20% p.a. until 31 January 2027, subject to their respective promotion requirements. 

If I only have up to S$75,000 of fully qualifying fresh funds, CIMB FastSaver offers a slightly higher 2.25% p.a. for Personal Banking customers. 

Compare the best savings accounts in Singapore for November 2026 based on your savings balance, salary crediting and card-spend habits here.

For more liquidity than T-bills or fixed deposits, I would also consider money market funds, while remembering that they are not capital guaranteed and are not insured under SDIC.

[Exclusive Beansprout Promotion] Get 8.8% p.a. interest boost coupon for 90 days on S$10,000 (worth S$217) with Longbridge Cash Plus when you sign up for a Longbridge account via Beansprout. Plus get S$80 Fairprice voucher within 5 working days. Learn more about the Longbridge promotion here.

If I already hold US dollars, I may also look at US dollar fixed deposits, US Treasuries or USD money market funds, as yields remain higher than SGD cash options.

However, I would be careful about converting SGD into USD just to earn a higher yield, as foreign exchange movements could offset the additional interest earned.

When my liquidity pot within my Four Pots of Wealth is properly set up, I know I can ride through market volatility without being forced to sell my investments at the wrong time. Learn more about the liquidity pot here.

Do you prefer to park your cash in T-bills, SSB or fixed deposits? Share with us in the comments below or in our Telegram group!

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