When one thinks of putting money into a bank account in Singapore, the first thing that comes to mind might probably be the more well-known savings or current account.
However, not all Singaporeans might be aware of the existence of fixed deposit accounts offered by most banks, or even by financial institutions.
But first, what exactly are fixed deposit accounts? Fixed deposit accounts are essentially extremely low-risk investments that earn a fixed rate of interest over a fixed amount of time. The interests are paid out at regular intervals, usually quarterly or annually.
So what are the best fixed deposit rates and who are the people who will benefit the most from opening a fixed deposit rate account in Singapore? Read on to find out if you are one of them!
The Busy Professional
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