I still have idle funds lying in SRS account earning meagre 0.05%.
Great opportunity costs incurred from waiting on the sidelines to add investment for local banks such as OCBC or UOB shares into my SRS portfolio.
The share prices of local banks have no sign of weakening in the short-term hence I decided to deploy the idle SRS funds into either this latest tranche of Treasury Bill.
The auction date for latest tranche of T-Bill is on 18 Jan 2023 and I decided to try my luck to auction for this tranche of T-Bill, a short-term government debt security with 6 month tenor, fully backed by the Singapore government and having an AAA credit rating.
The issue date is on 25 Jan 2023 and maturity date is on 25 Jul 2023. Results will be out on 18 Jan 2023, 1pm.
There it goes.
There is no admin fee for internet banking applications unlike SSB.
I look forward to a successful application and hope to lock in my SRS funds for 6 months at above 4% yield before getting it back to apply for SSB later this year.
Thanks for reading. Stay focused and remain steadfast as always!
With love & peace,
Qiongster
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