What happened?
There have been many questions in the Beansprout community about how to earn a higher interest rate on our savings. After all, interest rates have remain elevated with the US Federal Reserve raising its benchmark rate again in July. Hence, we decided to list down the key ways that we can make our savings work harder using high yield savings account, fixed deposit, foreign currency fixed deposit, T-bills, Singapore Savings Bonds (SSB) and money market funds.Ways to earn higher interest on your savings
#1 - High yield savings account
Singapore banks have been dangling attractive interest rates for their savings accounts in recent months. If you are able to fulfill certain requirements such a depositing your salary and spending on a credit card, there are a few savings accounts that offer a high interest rate:...
