Earlier this week, it caught my attention that the 6-month Singapore Treasury bill yield dipped to 2.9%. Additionally, banks are revisiting their fixed deposit interest rates, and as of this month, the most competitive 3-month fixed deposit rate is hovering around 2.8%. This shift has sparked an engaging conversation among the Beansprout community members about the most lucrative spots to stash our cash. It’s got many of us wondering: are there still ways to snag nearly 3% interest? So, I thought it would be insightful to compare a few financial options like T-bills, fixed deposits, and others to see how they stack up. In this piece, I’ll delve into the latest interest rates for fixed deposits, T-bills, Singapore Savings Bonds (SSBs), and money market funds. We’ll explore the pros and cons of each option and discuss what factors you might weigh when choosing where to park your money. Finally, I’ll share my personal approach to optimizing cash yields.
## Current Top 3-Month Fixed Deposit Rate in Singapore
