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Monthly Update: CPF and T-Bill Discussions on HardwareZone Forum

The recent T-Bill auction saw a cut-off yield of 3.08% p.a., with a total amount allotted of S$7.0 billion.
CPF discussions focused on the interest computation and transfer of funds between CPF accounts.
Members shared their experiences with CPFIA refunds and transfers, highlighting the importance of timely transfers to avoid losing interest.
The bid-to-cover ratio for the recent T-Bill auction was 1.96, indicating a high demand for the instrument.

CPF Interest Computation: Members discussed how CPF interest is computed and credited, with a focus on the lowest balance in the month.
T-Bill Auction Results: The recent T-Bill auction results were shared, with a cut-off yield of 3.08% p.a. and a total amount allotted of S$7.0 billion.
CPFIA Refunds and Transfers: Members shared their experiences with CPFIA refunds and transfers, including the time it takes for funds to be credited back to their CPF accounts.
Comparison with Fixed Deposits: Some members compared the T-Bill yields with fixed deposit rates, highlighting the benefits of investing in T-Bills.

CPFIA Transfer Fees: Members noted that there are no fees for transferring funds from CPFIA to CPF OA.
Transfer Timeline: Transfers from CPFIA to CPF OA typically take 3 business days.
T-Bill Auction Schedule: The next T-Bill auction is scheduled for December 2024.

T-Bill Calculator: A member shared a T-Bill calculator tool, which helps to calculate the yields and returns on investment.
CPFIA vs. Fixed Deposits: Members discussed the pros and cons of investing in CPFIA versus fixed deposits.
Interest Rate Trends: Some members discussed the trends in interest rates and their impact on T-Bill yields.

Auction Day: The T-Bill auction is typically closed on the day before the auction day.
Transfer Deadlines: Members should note the deadlines for transferring funds from CPFIA to CPF OA to avoid losing interest.
Verification: Members should verify the information shared on the forum with official sources, such as the CPF website.

Links to Official Sources:

Singaporean-specific Terms and References:

Actionable Tips:

Transfer funds from CPFIA to CPF OA in a timely manner to avoid losing interest.
Use a T-Bill calculator tool to calculate yields and returns on investment.
Compare T-Bill yields with fixed deposit rates to determine the best investment option.
Verify information shared on the forum with official sources.

Source:
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