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Best Fixed Deposit Rates yield 3.9% – Better than Singapore Savings Bonds or T-Bills for your cash? (November 2022)
By Financial Horse  •  November 13, 2022
Back in September, I wrote a post rounding up the best Fixed Deposit Rates in Singapore. Back then, the best Fixed Deposit accounts yielded 2.85% (I know…). What a difference 2 months makes! Fast forward to November – and the best Fixed Deposit pays 3.9% these days. With the latest T-Bills yielding 4.0% and only seeing 49% allotment for non-competitive applications. Suddenly Fixed Deposits aren’t looking so bad. I’ve been getting quite a few requests to update the article on Fixed Deposits. So here goes.

Best Fixed Deposit Rates in Singapore (November 2022)

Latest table of the best Fixed Deposit Rates in Singapore (November 2022) set out below. Your 2 best options are: CIMB Bank (3.9% for 18 months, minimum deposit of $10,000) UOB Bank (3.7% for 12 months, minimum deposit of $50,000) Sidenote that it seems...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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