I’ve just updated my Fixed Income Tracker as at end May 2023. Here’s a summary snapshot: Fixed deposit rates have been falling further. Fortunately, cash funds have been increasing their projected rates. T-bills yields have also held up pretty well so far.

Changes since early May

HSBC FD 3m reduced to 3.65% from 3.75% and 6m reduced to 3.45% from 3.55% OCBC FD 6m reduced to 3.20% from 3.40% UOB FD 6m/10m reduced to 3.10% from 3.45% BOC FD 3m reduced to 3.50% from 3.60%, other tenures reduced by 0.10% to 0.15% No change to FD rates for DBS, RHB, SCB, CIMB Syfe Cash+ increased to 3.7% from 3.5% (projected)

My thoughts

SCB Bonus$aver and UOB One account offers the highest yield on EIR $100k but there are hoops to jump through to qualify. Fixed deposit rates might continue to fall next month, so it...