Interest rates are going down

The short-term interest rates are coming down…banks fixed deposits, Tbills, SSBs are coming down. Currently today is near the end of January 2023, likely banks will announce new fixed deposits rate soon. Quite likely it will be same or slightly lower for a while. Of course, you if are a saver, most likely you would like to put your money in the safest options that you can ever find in the current market. For many, this would mean the three local banks – DBS, UOB, OCBC or Treasury Bills/Singapore Saving Bonds by MAS. SDIC Insurance Please take note of the 75k SDIC insurance that we have. Spread your risks across different banks. For those who are unsure how this SDIC insurance works, do read here. In the event a Deposit Insurance (DI) Scheme member bank or finance company fails, all of your insured deposits with that member are aggregated and insured up to S$75,000...