Where to park your cash for higher yield? T-bills vs Fixed Deposit vs SSB (March 2026)

As of 6 March 2026, the 10-year average return of the next SSB is projected to remain fairly stable at around 1.98%. 

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

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 Moomoo Cash Plus, Longbridge Cash Plus, Tiger Vault, Webull Moneybull, Syfe Cash+ Flexi, Endowus Cash Smart, Mari Invest and Phillip Smart Park 

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 1.23% p.a. as of 6 March 2026. 

Learn more about the Fullerton SGD Cash Fund here. 

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).

Longbridge is running a promotion offering 5% p.a. interest boost on S$2,000 with Longbridge Cash Plus for 365 days (worth up to S$100) and a Longbridge Angbao. Also, get a free S$50 Fairprice voucher within 5 working days when you sign up for a Longbridge account via Beansprout. Plus, stand a chance to win 1g of gold! Promo ends on 31 March 2026. Learn more about the Longbridge promo here. 

#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 1.00% per annum for a term of 6 months as of 6 March 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. 

USD Fixed Deposits

• The best 3-month US Dollar fixed deposit rate 3.65% is  p.a. offered by ICBC.
• The best 6-month US Dollar fixed deposit rate is 3.60% p.a. offered by ICBC.
• The best 12-month US Dollar fixed deposit rate is 3.40%  p.a. offered by RHB.

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 stood at 3.60% as of 6 March 2026, having risen in recent weeks as markets pushed back expectations for Fed rate cuts amid sticky inflation, resilient labour market data, and higher oil prices linked to Middle East tensions.

You can purchase US Treasuries using either Moomoo 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.

Longbridge is running a promotion offering 5% p.a. interest boost on S$2,000 with Longbridge Cash Plus for 365 days (worth up to S$100) and a Longbridge Angbao. Also, get a free S$50 Fairprice voucher within 5 working days when you sign up for a Longbridge account via Beansprout. Plus, stand a chance to win 1g of gold bar! Promo ends on 31 March 2026. Learn more about the Longbridge promo 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 the recent global geopolitical tensions, I have been evaluating my financial plan to make sure it offers me sufficient security and peace of mind.

The first step is to make sure I have sufficient cash put aside for emergency uses through my liquidity pot, where I would then put into a mix of savings accounts, fixed deposits, T-bills, SSBs and money market funds.

Then, I would see how I can earn a higher yield on this pot of emergency cash, while maintaining the liquidity I may need.

In the month of March, I find that the Singapore T-bill yield has remained low, and the best 6-month fixed deposit rate of 1.50% p.a. is higher than the latest 6-month T-bill yield.

For savings accounts, I would consider the OCBC 360 Account if I am able to credit my salary, save regularly, and spend on an OCBC card, as it offers up to 2.45% p.a. effective interest on the first S$100,000. Find out more about OCBC 360 account here. 

If I prefer a more fuss-free option, the UOB Stash Account offers up to 1.50% p.a. on S$100,000, making it another option option to park spare cash. I can also pair it with the UOB Leap of Fortune Savings Promotion to earn up to S$380 in cash by depositing fresh funds, though these funds will be earmarked for about 7 months.

For smaller amounts of cash, the GXS Savings Account offers an interest rate of up to 1.30% p.a. on the Boost Pocket without having to jump through any hoops. Learn more about the GXS Savings Account here. 

I would also try to lock in interest rates for a longer period of time with the current issuance of the Singapore Savings Bonds (SSB), which offers a 10-year average interest rate of 1.99%, with the flexibility to redeem priority to maturity. 

For more liquidity compared to the T-bill,  I would also consider money market funds to park some of my money. 

If you are looking to invest in a money market fund, you can earn an exclusive $50 Fairprice voucher within 5 days, 5% p.a. interest boost on S$2,000 with Longbridge Cash Plus for 365 days (worth up to S$100) and a Longbridge Angbao. Plus, stand a chance to win 1g of gold bar! Promo ends on 31 March 2026. Learn more about the Longbridge promo here. 

By finding the best place to park my cash, I know that I have a stable base for the rest of my portfolio to stay invested through markets ups and downs. 

When this pot is properly set up, I know I can ride through market volatility without being forced to sell my investments at the wrong time.

Enjoyed this insight? Follow Beansprout on Telegram, Youtube, Facebook and Instagram, and add Beansprout as your preferred source on Google so you never miss an update.