Quick Answer
As at the 13 October 2026 review, the latest completed six-month T-bill is BS26120W. It was auctioned on 8 October 2026 with a 1.90% cut-off yield (median 1.86%) and issued on 13 October 2026. It is not open for subscription. The next six-month auction, BS26121N on 22 October 2026, has an unknown yield. Treat 1.90% as history, not an offer.
The Useful Number: The latest completed six-month auction, BS26120W, cut off at 1.90% on 8 October 2026. No one knows the next yield. A past T-bill result is not an open offer.
What Can This Edition Confirm?
Reviewed 13 October 2026. Our comparison keeps its fixed-deposit records apart from one historical T-bill entry, left out of current-offer rankings. It covers part of the market.
The latest completed six-month auction is BS26120W, auctioned on 8 October 2026 with a 1.90% cut-off yield (median 1.86%) and issued on 13 October 2026, maturing on 13 April 2027. It is not open for subscription. The one before, BS26119F on 24 September, cut off at 1.92%.
The MAS calendar lists a one-year bill, BY26103X, on 15 October, then six-month bills BS26121N on 22 October and BS26122V on 4 November 2026. Their yields are unknown.
- 24 Sep 2026: BS26119F Auctioned: Cut-off yield 1.92%. Completed.
- 8 Oct 2026: BS26120W Auctioned: Cut-off yield 1.90%, median 1.86%. Not open for subscription.
- 13 Oct 2026: BS26120W Issued: Matures on 13 April 2027.
- 22 Oct 2026: BS26121N Auction: The next six-month bill. Its yield is not known yet.
Sources checked . Source: MAS — SGS Auction Results; MAS — Auctions And Issuance Calendar.
What Does A Hypothetical Yield Mean In Dollars?
For planning only: S$20,000 at an assumed 1.6% annualised (yearly) rate for six months gives a simple-interest estimate of S$160; at 1.2%, S$120. Both sit below the last 1.90% cut-off on purpose, to show a weaker result. Neither is an offer or a guess at the next auction.
Use the cash-yield calculator to compare on the same basis. Real T-bill pricing uses the auction price and issue dates.
What Should You Check Before Applying?
Check the issue code, application deadline, auction date, issue date and maturity in official MAS and bank sources. Decide how much money you can leave untouched for the full term.
For deposits, match the actual tenure (how long the money is locked in) and minimum amount, and check fresh-funds conditions and early-withdrawal rules. Do not compare a six-month return with a twelve-month one as if the periods were equal.
How Do We Keep This Page Accurate?
This static edition records auctions up to 8 October 2026 and does not update itself. Check the official result before you rely on any later yield.
Quick Check
Three statements from this guide. Tap True or False to check what you have read. Nothing is saved.
Card 1 Of 3
You can still apply for BS26120W at its 1.90% cut-off yield.
Why? Card 1 Of 3
BS26120W was auctioned on 8 October 2026 and issued on 13 October 2026. Treat 1.90% as history, not an offer.
Card 2 Of 3
BS26120W’s result predicts the yield for BS26121N on 22 October 2026.
Why? Card 2 Of 3
A completed auction’s yield does not set the next one. Use the official MAS source links for later results.
Card 3 Of 3
S$20,000 at an assumed 1.6% for six months gives a simple-interest estimate of S$160.
Why? Card 3 Of 3
It is for planning only, not an offer or a guess at the next auction. Real T-bill pricing uses the auction price and issue dates.
Your Score
Review The Comparison
Check each record’s date, the eligibility rules and provider terms before you act.
Compare Fixed Deposits And T-Bills →Frequently Asked Questions
What Should I Check Before Applying For A T-Bill?
Check the issue code, application deadline, auction date, issue date and maturity in official MAS and bank sources.
Decide how much money you can leave untouched for the full term. A completed auction’s yield does not set the next one.
Does The Last Auction Yield Predict The Next One?
No.
BS26120W’s 1.90% cut-off does not predict BS26121N, the next six-month auction on 22 October 2026. This edition is a static snapshot and does not update itself. Use the official MAS source links for later results.
How Much Would S$20,000 Earn Over Six Months At A Hypothetical Yield?
For planning only: S$20,000 at an assumed 1.6% annualised rate for six months gives a simple-interest estimate of S$160.
At 1.2%, it would be S$120. These sit below the last 1.90% cut-off on purpose, to show what a weaker auction would mean. Neither is an offer or a guess at the next auction. Real T-bill pricing uses the auction price and issue dates.
How Do I Compare A T-Bill With A Fixed Deposit?
For deposits, match the actual tenure and minimum amount.
Check fresh-funds conditions and early-withdrawal rules. Do not compare a six-month return with a twelve-month one as if the periods were equal. Our comparison leaves the historical T-bill entry out of current-offer rankings.
Save Guides Free
Keep This Guide For Your Next Money Decision
Build your own reading list and pick up where you left off with a free WealthMastery account.
Free account · Tools stay free without an account.
Sources & Assumptions
Editorial review: 14 October 2026. Rates checked on 13 October 2026. This is a dated snapshot, not live rates. Each example says whether it is hypothetical or based on a source.
A dated official auction result, not an open offer or forecast. The dollar examples are hypothetical and do not copy auction settlement.