May 2024 is upon us and the nerfs have struck. But here are 5 options to consider for higher interest or returns on our cash savings!
Moomoo Cash Plus: get 6.8% p.a. returns guaranteed by moomoo!
Eligibility: new and existing customers
I’ve written about this yesterday, and after studying the options available in the market this is one of the best in terms of rates. To be perfectly clear, this isn’t a bank account like the others on this list, but the underlying funds are invested in things like deposits with financial institutions and Singapore government-related bills.
I am not sure about you, but I personally think a fund that invests in a variety of high grade government bills and multiple banks’ deposits is actually safer than putting large sums of money in a single bank. But definitely don’t do anything that would make you lose sleep at night, and you can consider other options on this list instead....