One of my fixed deposit tranches is maturing and thus I am looking for the best fixed deposits available in June 2024. Investing in fixed deposits is one of the methods that I use to help me work towards retiring early in Singapore. The interests collected at the maturity of the fixed deposit acts as a form of passive income. Passive income is important if you want to retire early as it helps to mitigate against longevity and inflation. What is a fixed deposit? Fixed deposit is a type of bank account where you deposit a lump sum of money for a predetermined duration. In return, the bank pays you a fixed rate of interest on that amount. Fixed deposits are low-risk investments because they are practically risk-free. In Singapore, your deposits are also insured by the Singapore Deposit Insurance Corporation (SDIC) for up to S$75,000. I adopt a...