33
Earlier this week, we saw the yield on the 6-month Singapore T-bill falling to 2.9%. I also noticed that banks have lowered their fixed deposit rates this month, with the best 3-month fixed deposit rate now at just 2.8%. This led to a lively discussion in the Beansprout community about the best places to park our cash for higher yield. Hence, I decided to compare a few alternatives with T-bills and fixed deposits to find out whether there still ways to earn an interest rate of close to 3%. In this article, I will share the following: Latest interest rates on fixed deposits, T-bills, SSBs and money market fundsAdvantages and disadvantages of putting your cash into these optionsWhat I would consider in deciding between fixed deposits, T-bills, SSBs and money market fundsMy strategy for parking my cash to earn a higher yield
Best 3-month fixed deposit rate in Singapore of
…
