SSB vs T-bill vs Fixed Deposit Calculator

🏛️ SSB vs T-bill vs FD

Compare what a cash amount could earn over a chosen period across Singapore Savings Bonds (SSB), Treasury bills (T-bills) and a bank fixed deposit (FD). Yields move often, so each one is an editable input. This is a neutral comparison, not a recommendation of any product.

Cash amount to compare the lump sum you want to place

Holding period in months how long you plan to keep the money invested

SSB yield, % p.a. as of 2026, edit if changed

T-bill yield, % p.a. as of 2026, edit if changed

Fixed deposit yield, % p.a. as of 2026, best promos near 1.50 to 1.60, edit if changed

SSB rates are quoted as the average annual return if held to the full 10 years. The first year of an SSB usually pays less, so for short holding periods the SSB figure shown here is an estimate that assumes you earn the average rate evenly. For a precise SSB year by year breakdown, use the official calculator linked below.

Estimated interest earned over 12 months on $50,000

SSB: $1,055

SSB $0 T-bill $0 FD $0

Neutral feature comparison (general characteristics, not a score)

Feature	SSB	T-bill	Fixed deposit
Liquidity	Redeem any month, get principal back, no penalty, takes about a month	Sell on the secondary market before maturity, price can vary	Early withdrawal usually forfeits interest, terms vary by bank
Lock-in	Up to 10 years, but no lock-in in practice as you can exit monthly	Fixed tenor, commonly 6 months or 1 year	Fixed tenor you choose, commonly 3 to 12 months
Safety	Backed by the Singapore Government	Backed by the Singapore Government	SDIC insured up to $100,000 per bank, per depositor
How returns are paid	Coupons every 6 months, rate steps up over the years	Bought at a discount, full face value paid at maturity	Interest at maturity (or per the bank terms)
Minimum and limits	From $500, individual holding cap applies	From $1,000	Varies by bank, often $1,000 to $50,000 for best rates

Source: Monetary Authority of Singapore (MAS), Singapore Savings Bonds and Treasury bills, mas.gov.sg/bonds-and-bills. SSB rates and the SSB calculator: mas.gov.sg SSB returns calculator. Figures as of June 2026 (SSB Jul 2026 issue 10 year average 2.11%, 6 month T-bill cut-off 1.47% on 18 June 2026, FD promos around 1.50 to 1.60% p.a.). Always confirm the current rate with MAS or your bank before placing funds.

General information only, not financial advice. Returns are estimates based on the yields you enter and a simple straight line method, and they do not account for compounding, reinvestment, the SSB step-up structure, or any fees. Verify all current figures with the official source (MAS) and your bank before deciding.