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Weekly recap: Higher T-bill yield and fixed deposit rates
By Beansprout  •  September 23, 2023
There’s one thing you need to know this week - the Fed signaled that interest rates may stay elevated for a longer period of time than previously expected.  Following the Fed meeting, US government bond yields climbed to the highest levels since 2007.  For savers, the good news is that we are starting to see interest rates on fixed deposit accounts go up once again, with the best 12-month fixed deposit rate now at 3.60%. We also saw some banks raising the interest rate on their savings accounts this week.  With more cash management accounts aimed at helping investors generate potentially higher returns compared to savings accounts now available, we share how to choose the best cash management account here.  Lastly, we find out what the higher US government bond yields would mean for the upcoming 6-month T-bill auction on 28th September.  PSA: There are a few other things that...
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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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