A few months ago, I began searching to see if there is a short-term, safe alternative to our usual fixed deposits on Interactive Brokers. Interactive Brokers is my go-to securities custodian platform, and if there is a way for most of my funds to be securely stored there, I will instead the funds be securely stored there. This is not a really pressing need because if you have more than $10,000, the cash balance in your Interactive Brokers also earn interest. You can read my post here for more explanation: Interactive Brokers Very Liquid, High-Interest Cash Account. If I have US$100,000 in cash and an Interactive Brokers net asset value of US$100,000, the blended rate is 4.3% p.a. If I have SG$ 135,000, the blended rate is 2.46% p.a. These may not be the best rates but if you are not so fussy about things like me, and would prefer things to be easy, this is not too bad....