The best fixed deposit rate and 6-month T-bill closing yield remain elevated in December. As we enter the last month of 2023, it’s still not too late to find ways to make your savings work harder. This might be what prompted many investors to subscribe to the December issuance of the Singapore Savings Bonds (SSB), which saw a surge in demand with the attractive 10-year average return of 3.4%.  The good news is that banks have largely maintained their fixed deposit rates in December 2023, with the best 12-month fixed deposit rate at 3.6% per annum. For investors eyeing the upcoming Singapore T-bill auction on 7 December, the closing yield on the 6-month T-bill has remained steady at 3.81% despite a further decline in US bond yields. If you are looking to take additional steps to prevent your hard-earned savings from being lost to scammers, we compare the latest “money lock” accounts launched by DBS, UOB and OCBC to find out which is best for you....