Emergency fund in a high-yield account vs Singapore Savings Bonds, what do you use?

I split my emergency fund into two buckets. The first two to three months of expenses sit in a high-yield savings account for instant access, because a true emergency won't wait for redemption periods. The rest I put into Singapore Savings Bonds because they're safe, backed by the government, and you can redeem in any month with no capital loss, just takes a bit of time to get the cash out. That structure gives me instant liquidity for the first slice and better returns on the rest. T-bills I use for money I'm sure I won't touch for six months. My honest view: match the liquidity of the instrument to how fast you'd need the money. Don't lock all your emergency fund somewhere you can't reach it fast. Do your own comparison of current rates, they change.

For me, simplicity beats squeezing every last basis point. I keep my full emergency fund in a high-yield savings account, even though the bonus interest requires jumping through hoops like salary crediting and card spend, which I already do anyway. The reason is instant access with zero friction, an emergency is stressful enough without waiting for bond redemption. Yes I probably leave a little return on the table versus SSBs or T-bills, but for the peace of mind of same-day access I'm fine with that. I use SSBs and T-bills for my longer-term savings, not emergency money. My take: emergency fund's job is availability and safety, not maximising yield, don't overthink it. Just make sure you're actually hitting the bonus interest conditions, otherwise the account isn't worth it.