Plenty of bloggers have turned to the Singapore Savings Bonds (SSBs) as interest rates are on the rise.

Similarly, I have thought of parking my cash in SSBs as well. However, there have been some hesitation on my part. First, a couple of facts about my financial position. My cash position, on absolute terms, is not huge (~$40k). I want a place to park some (not all!) of my cash to earn an interest rate that is higher than the prevailing interest rates offered by your typical savings account. I want a financial product that has a short tenure and can be readily converted back into cash with minimal delay and, if possible, with no penalty inflicted on me.

Some of the current fixed deposit promotions seem decent. However, I do not have multiples of $20k that I could use to create a fixed deposit “ladder.” While some offer a short tenure