The place to park your money for upper yield? T-bills vs Mounted Deposit vs SSB (Aug 2024)
We proportion the most productive tactics to earn a yield in your money via mounted deposits, Singapore T-bills, SSBs and cash marketplace price range.
What came about?
Rates of interest had been very risky in contemporary months.
In August, I realized that the yield of the Singapore 6-month T-bill and Singapore Financial savings Bonds has declined.
Because of this, there was a large number of dialogue within the Beansprout neighborhood about the place we will park our money to earn the next yield.
On this article, I will be able to proportion the next:
- Newest rates of interest on mounted deposits, T-bills, SSBs and cash marketplace price range
- Benefits and downsides of placing your money into those choices
- What I’d imagine in deciding between mounted deposits, T-bills, SSBs and cash marketplace price range
- My technique for parking my money to earn the next yield
Best possible 3-month mounted deposit fee in Singapore of three.5% p.a.
Initially, let’s check out the most productive mounted deposit charges in Singapore in July….
