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Best Fixed Deposit Rates in Singapore yield 3.90% – Better buy than T-Bills or Singapore Savings Bonds for your cash? Should you lock in a 6 or 12 month Fixed Deposit? (April 2023)
By Financial Horse  •  April 22, 2023
For those who have been following interest rates closely. You’ll notice that interest rates have come down quite a bit from their highs this cycle. T-Bills went as high as 4.4% (in Dec 2022), but have since come down to 3.75%. Fixed Deposits went as high as 4.2% (also in Dec 2022), and have since come down to 3.90%. With that in mind I wanted to update the list of best fixed deposits in Singapore. And answer these 3 key questions:
  1. Will fixed deposit interest rates go even higher from here (or have they peaked)?
  2. Should you lock in interest rates for 12 – 24 months here?
  3. Is it safe to put more than $75,000 in a foreign bank?
Best Fixed Deposit Interest Rates in Singapore yield 3.90% – Better than T-Bills or Singapore Savings Bonds for your cash investments? (April 2023) The full list of Fixed Deposit Interest rates is set out below. A lot of banks revised their fixed deposit interest rates down recently....
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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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