Singapore Treasury bills (T-bills)

Geralt

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Okay cool, so i got a update with them.

CPF didn't screw up, OCBC did. But more specifically, their IT did.
So in the end, although the email was sent by their staff, somehow, the email wasn't received by CPF.

And apparently, according to the staff, I wasn't the only one who was affected. A few other customers were too and I think they still aren't aware of it. Now the staff had to call them individually and get them to re-apply the next upcoming one.

I decided to let it go since they apologised and I've also already applied for the next upcoming one instead.

So yeah~
That's really unfortunate, but also glad you had closure. Good luck for your future bids.
 

Geralt

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Vent frustration for noob bidder lor

Already spread within my circle and hopefully hwz readers of this thread will spread further

Really must give it to the Chao Noob bidder 🤣
People have been ranting about it for many pages since the previous t-bill COY was 4%, and it did nothing to make the COY go up for this one. The yield going down was something that some of us feared would happen as the publicity around t-bills grew during the past few months. It was bound to happen and there's just not much we can do about it except to weigh our investment options and try to educate those we know about it.
 

dreamwork7878

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Apply CPF OA for tbills. Last Sunday straits times mentioned there is a 2 months lags.
Didnt this people lose money for low ball ?
 

reiser

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I read a blog posted here that as long as the T bill rate is 3.7%, it’s break even with CPF interest rate. I guess these people are happy with anything above 2.5% so 3.9% is lottery to them.
 

a4973

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Apply CPF OA for tbills. Last Sunday straits times mentioned there is a 2 months lags.
Didnt this people lose money for low ball ?
Do you recall what is the recommended minimum cutoff yield mentioned in the article? If current COY > recommended COY then still nett gain.
 

devion

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When Tbill matures, will there be some form of notification? Or we have to track them on our own on corresponding accounts? Like SRS, CPFIS or savings?
 

WHLN17

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Some argue/justify low ballers doesn’t matter, well, they apparently didn’t know MAS bill which have similar tenure but no retail participants have been yielding well above 4% (last 2 rounds 4.5 and 4.45 respectively).
 

Geralt

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I read a blog posted here that as long as the T bill rate is 3.7%, it’s break even with CPF interest rate. I guess these people are happy with anything above 2.5% so 3.9% is lottery to them.
3.7% is way too high. It's only 2.92% for those with 7 month loss interest and 3.33% for 8 months loss interest.
 

dreamwork7878

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Those under 55 years old, CPF OA continue to earn up to 3.5 percent a year on their OA funds and up to 5% on their special and medisave account . these rates include an extra 1 % interest on the first $60k of their combined balance (capped at $20k for OA).

for those 55 years old and above, government pay members extra 2% interest on the first 30k of their combined balance( capped $20k for OA) and an extra 1 percent on the next $30k. this means that they will earn up to 6% interest a year on their retirement balance.

which age group low balling the tbill ?
 

audiovideo

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no lah, even lowballing 0.01%, still get full allotment with cut off yield of 3.9%

If 100k cpfoa 2.5%, lose 2 months is $400+.
6month Tbill at 4% earn extra $750.
See if this "loss" ok boh. Not sure calculate tio boh cos teabreak time.

If can use to protect SA for many more good years, then maybe ok.
 

rubber33

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Felt so happy that I didn’t get my tbill. Now going to rhb for 5 %. Use my money play musical chair.
 

zeroX26

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Those under 55 years old, CPF OA continue to earn up to 3.5 percent a year on their OA funds and up to 5% on their special and medisave account . these rates include an extra 1 % interest on the first $60k of their combined balance (capped at $20k for OA).

for those 55 years old and above, government pay members extra 2% interest on the first 30k of their combined balance( capped $20k for OA) and an extra 1 percent on the next $30k. this means that they will earn up to 6% interest a year on their retirement balance.

which age group low balling the tbill ?
3.5% is only on the first 20k of OA nia lah.
 

WHLN17

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I won’t go bank to submit form but if and once CPF online is possible, I am going to bid 3.55% and let low ballers have a taste of their own medicine.
 

dork32

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Those under 55 years old, CPF OA continue to earn up to 3.5 percent a year on their OA funds and up to 5% on their special and medisave account . these rates include an extra 1 % interest on the first $60k of their combined balance (capped at $20k for OA).

for those 55 years old and above, government pay members extra 2% interest on the first 30k of their combined balance( capped $20k for OA) and an extra 1 percent on the next $30k. this means that they will earn up to 6% interest a year on their retirement balance.

which age group low balling the tbill ?
take my example

i have 200k oa ,250k sa and 60k sa

my 200k earn 2.5%
my 250k earn 4%
my 60k earn 4%
i earn an additional 1% for 60k

if i invest.180k oa,
my 20k earn 2.5%
my 250k earn 4%
my 60k earn 4%
i earn an additional 1% for 60k

if after this i invest 210k of sa
my 20k earn 2.5%
my 40k earn 4%
my 60k earn 4%
i earn an additional 1% for 60k

so dont have to bluff people about the 3.5% and 5%. no matter how you invest youtr sa and oa, i still get the extra 1%. for many of us, it is still 2.5% for oa and 4% for sa
 
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