Market Review and Trends
Weekly recap: What’s next for T-bills, fixed deposits and stocks?
By Beansprout  •  September 9, 2023
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....
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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