I applied for $30k of T-bills for the first time using internet banking. Unlike SSB each T-bill application is free of charge. The yield is announced after the auction and was 3.32% which is a whole lot higher than fixed deposits. Yet the news reports long queues at bank branches to place 2.6-2.7% fixed deposits.
I used OCBC internet banking to apply and I have to say that their system is really good. I got notified by SMS and e-mail really quickly.
Looking at the bond portion of my portfolio, I have 2 SSBs with less than 2.5% interest. For now, it makes sense to redeem them and redeploy the funds into T-bills. I've redeemed one of them and will redeem the other next month.
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