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How Can I Free Up Cash Every Few Months?

T-Bill And Fixed Deposit Ladder

Enter a sum and how often you want money back. We split it into T-bills or fixed deposits that mature one after another, show when each part frees up and estimate the interest.

New to this? Read The Short Guide First →

Page updated 30 September 2026 · Data dates are in the notes below

1 Your Numbers

Your Ladder

Rates change at every auction. Replace the example rates with the latest ones.

Amount To Ladder (S$)

Money Back Every

Build It With

6-Month T-Bill Yield (% Per Year)

Example: cut-off of BS26120W, auctioned 8 Oct 2026. A past result, not an offer.

We work this out in your browser.

Who can apply: T-bills: individuals with a DBS/POSB, OCBC or UOB bank account and an individual CDP account with Direct Crediting, or through SRS or CPFIS (MAS, checked 5 Oct 2026).

2 Your Result

Not income: your own savings come back to you

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Parts

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Interest A Year

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First Money Back

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Left In Savings

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Your Ladder Calendar

At A Glance

The table above has the same dates as this picture.

Next Auctions And Apply-By Dates

3 What Next

Nice. Here’s the next step.

Step 4 of 5 · Build Passive IncomeHow Much Will Fees Cost Me?Investment Fees Impact Calculator →Read The GuideT-Bill And Fixed Deposit Ladder: How Can I Free Up Cash Every Few Months? →

What This Estimate Assumes

Your sum is split into equal parts (rungs) that start one after another, so one part matures each time you chose. T-bill parts are rounded down to S$1,000 bids and the rest stays in savings. Yearly interest assumes every part is reinvested at the same rate with no gap. In practice, money from a maturing T-bill usually waits about two weeks for the next auction, and rates change at every auction. An auction may give you less than you applied for. Starting rates are examples checked on 12 October 2026, not live quotes: 6-month T-bill BS26120W cut-off 1.90% (8 Oct 2026), 1-year T-bill BY26102T cut-off 1.68% (23 Jul 2026), UOB 6-month fresh-funds fixed deposit 1.60% to 31 Oct 2026. Auction dates are from the MAS calendar; apply-by times are DBS cut-offs, and other banks may close earlier. Not a recommendation to buy any product.

How To Apply For T-Bills

Cash: apply through DBS/POSB, OCBC or UOB ATMs, internet banking or apps. Bids start at S$1,000, in S$1,000 steps.
SRS: apply through your SRS operator’s internet banking or app. Money back goes to your SRS account.
CPF Ordinary Account: apply only through your CPF Investment Scheme agent bank (DBS, OCBC or UOB). You need more than S$20,000 in your Ordinary Account, and money you invest stops earning the 2.5% CPF interest until it goes back.
Every bill is a new application. When a bill matures, its full face value comes back to the account you paid from. Apply again at a later auction to keep the ladder going.
Interest from SGS T-bills is tax-free for individuals.
Fixed deposits: many need S$10,000 or more, some rates are for fresh funds only, and taking money out early can lose the interest.

Sources: MAS: buy SGS bonds and T-bills at auction, MAS: T-bills for individuals, CPF Board: T-bills under CPFIS-OA, DBS: apply for SGS bonds and T-bills. Checked 30 September 2026.

Before You Use This Number

Do I Need An Account To Use This Tool?

No. The tool works in your browser with no account. If you copy a result link, it includes the numbers you entered.

What Does This Estimate Assume?

Rough estimate using simple interest over your chosen time. T-bills are assumed to roll over at the same rate. SSB uses the first-year average rate you enter. Ignores compounding, FD penalties for early withdrawal, and that you can cash out SSBs in any month. Starting rates are examples only. Check MAS and bank sites for live rates.