The Best Fixed Deposits of May 2021
By My Sweet Retirement  •  May 13, 2021
Looking for the best fixed deposits in May 2021 in Singapore? The interest rates of the latest issue of Singapore Savings Bonds (SBJUN21 GX21060Z) bounced back with an effective return of 1.61% p.a. over 10 years and 0.38% p.a. for 1 year. Has the interest rates of fixed deposits bounced back as well? Can the interest rates of fixed deposits beat the Singapore Savings Bonds? Let us check out the best fixed deposits in May 2021. DBS Fixed Deposit Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated For a minimum amount of S$1,000, you can perform a fixed deposit placement with DBS. There is no changes in interest rates as compared to the previous month. For a 12 months placement of S$10,000 at 1.15% p.a., the interest that you will receive upon maturity is S$115. If you can...
Read the full article
By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance