Laddering Singapore T-bills

For a long time my emergency fund just sat in a savings account earning close to nothing. Building a small T-bill ladder fixed that without locking the money away.

The idea

A ladder means buying T-bills at regular intervals so that something is always maturing soon. Instead of one lump sum tied up for six months, I split it into tranches that mature a month or two apart.

How I set it up

• I divided the cash into roughly equal portions.
• I bid in the six-month auctions on a rolling basis.
• As each tranche matures, I either spend it or roll it into the next auction.

The honest caveat

Rates move, and competitive bids can miss. None of this is advice — it is just what has worked for my own risk tolerance. The goal was never to maximise yield. It was to stop leaving easy returns on the floor while keeping the cash within reach.