We’re getting close to the end of the year, which is always a time of reflection. It’s also time to pick the word of the year, which some have suggested to be “inflation”. The word that we’ve used the most in the past week is “interest rate”. Fed Chair Jerome Powell said that smaller interest rate increases could begin in December. The latest Singapore Savings Bonds (SSBs) are now offering a lower 10-year average interest rate of 3.26%. The good news is that banks are still raising interest rates on fixed deposit and savings account. DBS is offering an interest rate of 4.55% p.a. on USD fixed deposits.  The RHB high yield savings plus account offers an interest rate of up to 5.5% p.a. on fresh funds deposited.  To cap the week, the top-tier interest rate on the UOB One account was raised to 7.8% p.a. We evaluate each of these options so you can make your money work harder for you!...