Fixed deposit rates saw mixed movements in September while SSB rates rose compared to last month. At the start of every month, we will await the latest interest rates on fixed deposits and Singapore Savings Bonds. The latest movements in fixed deposit rates were mixed, with the best 12-month fixed deposit rate raised to 3.58%. However, the best 6-month fixed deposit rate was brought down to 3.4%. This makes the upcoming 6-month T-bill auction on 14 September look like a relatively attractive option, even as the cut-off yield has fallen to 3.7% in the previous auction. Likewise, the interest rates on the latest Singapore Savings Bonds have increased to the highest level this year, with the average 10-year return at 3.16%. We’ll be looking out for the upcoming US consumer price index data and Federal Reserve meeting this month to get an indication of where interest rates are headed next....