What occurred?
It does not come as a shock that rates of interest on financial savings have continued to say no these days. The yield on the 6-month Singapore T-bill have dipped to 2.30%, and the yield on the 1-year Singapore T-bill fell to 2.29%. On prime of that, rates of interest on the UOB One and OCBC 360 financial savings accounts have additionally been slashed from 1 Might 2025. Even the greatest mounted deposit charges in Singapore have fallen too. Naturally, this has sparked contemporary conversations within the Beansprout group Lots of you may have been asking: The place can I nonetheless park my money to earn a good yield? On this article, I’ll evaluate the most well-liked choices, T-bills, mounted deposits, Singapore Financial savings Bonds (SSBs), and cash market funds, to see which of them nonetheless maintain up. Right here’s what we’ll cowl: The newest rates of interest on mounted deposits, T-bills, SSBs, and cash market fundsPros and cons of every…
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