As the year draws to a close, investors are weighing their options, seeking the best places to stash their cash for decent returns.
I’ve been keeping an eye on discussions in the Beansprout community, and it seems DBS has recently slashed its fixed deposit rates. Furthermore, the yield on Singapore’s latest T-bill has dipped following the most recent auction, which adds another layer of consideration for investors.
This shift led me to delve into straightforward, user-friendly alternatives that still promise a yield of 3.0% annually or higher.
In the lines ahead, I’ll walk you through:
- The latest interest rates for fixed deposits, T-bills, SSBs, and money market funds
- Weighing the pros and cons of these investment options
- My personal approach to choosing between fixed deposits, T-bills, SSBs, and money market funds
- My strategy for allocating cash to secure a better yield
Best 3-Month Fixed Deposit Rate in Singapore: 3.20% per annum
Let’s kick off by exploring the most competitive fixed deposit rates available in Singapore as we stand in December.
[Continue with further details on the fixed deposit rates and analysis.]
