This post was created in partnership with Syfe. All views and opinions expressed in this article are Beansprout's objective and professional opinions.

What happened?

Recently, we saw that Singapore banks have been raising their fixed deposit rates. The interest rates on savings accounts and T-bills have also been elevated, as the Fed has signaled that interest rates may stay higher for longer. We also noticed that there are more products allowing investors to park their savings and allowing their make savings to work harder.  For example, Syfe Cash+ Guaranteed recently raised the guaranteed return offered to investors to 3.8% per annum. Some investors in the Beansprout community started asking us if we could share our thoughts on how Syfe Cash+ Guaranteed compares to T-bills and fixed deposits.  As such, we decided to dive deeper to find out if it is worthwhile putting our money into Syfe Cash+ Guaranteed. 

What’s Syfe Cash+ Guaranteed?

Syfe Cash+...